When a Large Sample Is Taken,_______________ Approximation to the Binomial

question 5

Multiple Choice

When a large sample is taken,_______________ approximation to the binomial distribution can be used to implement the sign test.

• A)Chi-square
• B)normal
• C)correlation coefficient
• D)Rank sum

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Definitions:

Collecting Bank

A bank that processes checks and other negotiable instruments on behalf of a depositor, collecting funds from the bank on which the instruments are drawn.

Restrictive Endorsement

A limitation placed on the use of a check or other negotiable financial instrument, specifying conditions under which it can be transferred or cashed.

Stop Payment Order

A request made to a bank to cancel a check or payment that has not been processed yet.

Subrogation

The legal process by which one party stands in for another to claim restitution or indemnity from a third party for a loss or damage.