The Normal Distribution Most Closely Approximates the Binomial When ____

question 19

Multiple Choice

The normal distribution most closely approximates the binomial when ____ and ____.

• A)the sample is small,population proportion is small
• B)the sample is large,population proportion is small
• C)the sample is large,population proportion is close to 0.5
• D)sample is greater than 5,population proportion is close to 0.9
• E)the sample is greater than 30 but less than 100,the population proportion is close to 0.1

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Definitions:

Apparent Authority

The appearance or implication of an individual's authority to act on behalf of an organization, leading others to reasonably believe in the legitimacy of the actions.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. Typically, a fiduciary is responsible for managing the assets of another person or of a group of people.

Secret Profit

Financial gain obtained secretly and unethically as a result of one's position or through the exploitation of confidential information.

Conflict of Interest

A situation where an individual's personal interests could improperly influence the performance of their duties or decision-making.