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What Is the Standard Deviation for the Normal Approximation to the Binomial

question 10

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What is the standard deviation for the normal approximation to the binomial distribution with n = 72 and p = 1/3?​

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Definitions:

Incremental Cash Flows

The additional cash flow a company receives from undertaking a project or making a decision.

Pro Forma

A method of calculating financial results to emphasize either current or projected figures.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Statement of Financial Position

Another term for a balance sheet, it provides a snapshot of a company's assets, liabilities, and shareholder equity at a specific point in time.

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