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The Binomial and Normal Distributions Are Closely Related,with the Correspondence

question 127

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The binomial and normal distributions are closely related,with the correspondence between them depending on the values of:


Definitions:

Asset

Resources owned or controlled by a company expected to provide future economic benefits.

Liability

A financial obligation or debt that a company is required to repay to another entity in the future.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment activities, and financial activities over a period.

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