Let X Be a Binomial Random Variable with N =

question 23

Essay

Let X be a binomial random variable with n = 25 and p = 0.01.
a. Use the binomial table to find P(X = 0), P(X = 1), and P(X = 2).
b. Approximate the three probabilities in part (a) using the appropriate Poisson distribution.
c. Compare your approximations in part (b) with the exact probabilities found in part (a). What is your conclusion?

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Definitions:

Biweekly

Every two weeks.

Algebraically

Pertaining to the use of symbols and the rules for manipulating those symbols in mathematics to solve equations or express formulas.

Percent Discount

A reduction from the original price of an item or service, typically expressed as a percentage of the original price.

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