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As a general rule,one can use the normal distribution to approximate a binomial distribution whenever n( -1) is at least 5.
Retire
To withdraw a financial instrument from circulation, or for an individual to leave the workforce and cease employment.
Invested
The action of allocating resources, usually money, with the expectation of generating an income or profit.
Annuity
A financial product that pays out a fixed stream of payments to an individual, typically used as part of retirement strategy.
Lottery
A form of gambling or a game of chance where participants buy tickets for a chance to win prizes, often financial in nature.
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