A Binomial Distribution with N Number of Trials,and Probability of Success

question 31

True/False

A binomial distribution with n number of trials,and probability of success p can be approximated well by a normal distribution with mean np and variance $\sigma ^ { 2 } = n p ( 1 - p ) \text { if } n p > 5 \text { and } n ( 1 - p ) > 5$

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Finance Company

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Conditional Sale

A sales agreement that includes conditions that must be met for the sale to be finalized or for the title of the property to be transferred to the purchaser.

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