Suppose That the Probability P of Success on Any Trail

question 59

Multiple Choice

Suppose that the probability p of success on any trail of a binomial distribution equals 0.90. Then for which of the following number of trials, n, would the normal distribution provide a good approximation to the binomial distribution?

• A) 25
• B) 35
• C) 45
• D) 55
• E) 65

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Definitions:

Food Price

The cost assigned to food items, which can fluctuate based on factors like supply, demand, production costs, and inflation.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford given their income and prices of goods.

Price

The cost associated with purchasing a particular product or service.

Budget Constraint

The limitations on the consumption bundle that a consumer can afford given their income and the prices of goods and services.