All Binomial Distributions Can Be Approximated Very Closely by Normal

question 114

True/False

All binomial distributions can be approximated very closely by normal distributions.

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Definitions:

Corporate Form

A legal structure chosen for businesses that treats the company as a separate entity from its owners, providing limited liability and other legal protections.

Transferability of Shares

Refers to the ability of shareholders to sell or transfer their shares to another party, subject to the rules of the corporation and securities laws.

Ultra Vires

Acts performed by a corporation that are beyond the scope of its charter or legal authority.

Redress

The act of correcting a wrong or giving compensation for a harm done.