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One of the Reasons That a Correction for Continuity Adjustment

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One of the reasons that a correction for continuity adjustment is needed when approximating the binomial distribution with a normal distribution is because a random variable having a binomial distribution can have only a specified value while a random variable having a normal distribution can take on any values within an interval around that specified value.


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Economic Conditions

The state of the economy at a given time, encompassing factors like inflation rates, unemployment levels, GDP growth, and consumer spending.

General Decline

A broad decrease in stock prices or market indices, typically pointing to negative market sentiment or economic downturns.

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A setup where merchandise, services, or cash is given in return for a commitment to repay a specific amount of money on a predetermined future date.

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The maximum output or producing ability of a facility, machine, business, or system under normal working conditions.

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