Given That X Is a Binomial Random Variable with Very

question 141

Multiple Choice

Given that X is a binomial random variable with very large n,the binomial probability P(X = 5) is approximated by the area under a normal curve between

• A)5 and 5
• B)4 and 6
• C)4.5 and 5.5
• D)None of these choices.

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Definitions:

Merchandise Inventory

Goods that a business holds for the purpose of selling to customers, often part of the current assets on a company's balance sheet.

Periodic

Occurring or recurring at regular intervals, often used to describe payments, reviews, or assessments.

Freight-In

A cost of goods sold account that records the shipping cost to the buyer.

Merchandise Inventory

Goods or products that a company holds for the purpose of reselling to customers.