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A Binomial Distribution Has 50 Trials (N = 50) with a Probability

question 64

Multiple Choice

A binomial distribution has 50 trials (n = 50) with a probability of success of 0.50 ( π\pi =0.50) . We would like to find the probability of 34 or more successes using the normal distribution to approximate the binomial. Applying the continuity correction factor, what z-score should be used?


Definitions:

Absolute Level

A term used to describe the total magnitude of a quantity, not compared or relative to other measurements.

Population

The total number of individuals inhabiting a particular area or country.

Equal Distribution

The concept of distributing resources or wealth evenly across a society or group, aiming for fairness and equity.

Income

The financial gain received by an individual or a business as a return for labor, investment, or the production of goods/services.

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