Let X Be a Binomial Random Variable with N =

question 64

Essay

Let X be a binomial random variable with n = 100 and p = 0.7. Approximate the following probabilities, using the normal distribution.

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Definitions:

Psychographic Segmentation

The process of dividing markets into segments based on consumer lifestyle, personality traits, values, opinions, and interests.

Financial Planner

A professional who helps individuals and organizations create strategies for managing their finances, including investments, budgets, savings, and retirement planning.

Position A Product

The strategy of marketing a product in a way that distinguishes it from competitors, targeting specific market demographics or customer needs.

Evaluate

The process of assessing or examining something to determine its value, quality, importance, extent, or condition.