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Decide If It Is Appropriate to Use the Normal Distribution

question 148

Short Answer

Decide if it is appropriate to use the normal distribution to approximate the random variable x for a binomial
experiment with sample size of n = 5 and probability of success p = 0.3.

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Definitions:

Economic Influence

The impact that economic factors or policies have on the market, consumer behavior, and investment values.

Streamline Order

A process designed to simplify order management, reducing steps and time needed to process orders efficiently.

Horizontal Conflict

A type of conflict that occurs between entities at the same level in a distribution channel, such as between competing retailers or manufacturers.

Dual Distribution

A distribution strategy that uses two or more channels to reach different segments of the market with the same product.

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