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Approximate Binomial Probabilities Using the Normal Distribution
-Assuming that all conditions are met to approximate a binomial probability distribution with the standard normal distribution, then to compute from the binomial distribution we must compute _____as the normal approximation.
Assurance
A formal declaration intended to give confidence or guarantee of certain outcomes or conditions.
Promise
An assurance that one will or will not do something in the future.
Unilateral Contract
A unilateral contract is a type of agreement in which an offer can only be accepted through performance, meaning one party promises to do something in return for the act of the other party.
Bilateral Contract
A type of contract involving two parties where each side promises to perform an act in exchange for the other party's act.
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