For the Binomial Distribution With $n = 24$ And $p = 0.6$

question 118

Multiple Choice

For the binomial distribution with $n = 24$ and $p = 0.6$ , state whether or not it is suitable to use the normal distribution as an approximation.

• A) Normal approximation is suitable.
• B) Normal approximation is not suitable.

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Definitions:

Allocated General Overhead

Distribution of indirect costs to various departments or production processes within an organization.

Variable Costs

Costs that change in proportion to the level of activity or volume of production.

Special Discounted Price

A reduced price offered on goods or services, lower than the standard charge to promote sales.

Variable Selling

Refers to costs that vary directly with the level of sales, such as commissions or shipping fees.