The Normal Distribution Can Be Used to Approximate a Binomial

question 35

True/False

The normal distribution can be used to approximate a binomial distribution when nπ is less than 5.

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Definitions:

Prescriptive Analytics

The aspect of data analytics that focuses on providing advice or recommendations to optimize decision-making processes.

Explanatory Analytics

Involves the use of data and statistical techniques to clarify why certain trends or outcomes have occurred, providing insights into past performance.

Workforce Analytics

How HR metrics, such as turnover and employee engagement, are used to describe the workforce.

Service Delivery Model

The method or approach by which a company provides services to its customers, including the processes, people, and technology involved in delivering the service.