In Order to Approximate the Binomial Distribution Using the Normal

question 142

Multiple Choice

In order to approximate the binomial distribution using the normal distribution, the following condition(s) must be met if p is near 1.

• A) np > 5 only
• B) n must be larger than just meeting the condition of np > 5.
• C) n can be as small as np > 5.
• D) n > 5

Learn the requirements for maintaining accounting records and internal controls according to different acts.

Comprehend the concept of shelf registration and its implications for companies.

Understand the SEC's filing requirements for different company sizes and phases.

Recognize the different categories and purposes of filings with the SEC.

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Definitions:

Price

The financial value forecasted, demanded, or handed over as compensation for an item.

Quantity

The amount or number of a material or immaterial good that is considered as a unit or an aggregate.

Price Ceiling

A legal maximum price set by government on certain goods or services, intended to prevent prices from becoming too high.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved, leading to a misallocation of resources.