Table 9.3 -Table 9.3 Represents 3 Markets for Used Stereos. Which of Which

question 70

Multiple Choice

Table 9.3
-Table 9.3 represents 3 markets for used stereos. Which of the markets in Table 9.3 are NOT in equilibrium?

• A) 1 only
• B) 2 only
• C) 3 only
• D) 1, 2, and 3

Recognize the conditions under which the normal approximation to the binomial distribution is appropriate.

Calculate probabilities using the normal approximation to binomial distribution.

Determine when to apply continuity correction in normal approximation.

Understand the concept of continuous probability distribution and that its total area under the curve equals one.