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A binomial distribution has 50 trials (n = 50) with a probability of success of 0.50 (π = 0.50) . To use the normal distribution to approximate the binomial,what are the mean and standard deviation?
Sociology
The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.
Opportunity Cost
The waiver of potential benefits from miscellaneous options once one path is favored.
Mattel
A multinational toy manufacturing and entertainment company known for brands such as Barbie, Hot Wheels, and Fisher-Price.
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