The Normal Approximation to the Binomial Distribution Gets Better and Better

question 92

Short Answer

The normal approximation to the binomial distribution gets better and better as ____________________ increases.

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Definitions:

Capital Account

An account on a country's balance of payments that records all transactions involving the purchase or sale of assets.

Board Of Directors

A group of individuals elected to represent shareholders and oversee the major decisions and policies of a company.

Par Value

Par Value is the face value of a bond or a stock as stated by the issuing company, which may not reflect the actual market value.

Market Value

The current price at which an asset or service can be bought or sold in a market.