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The Normal Distribution Is a Good Approximation to the Binomial

question 81

True/False

The normal distribution is a good approximation to the binomial if n ≥ 30.


Definitions:

Personal Taxes

Taxes levied on individuals based on their income, wealth, or property ownership, affecting disposable income and purchasing power.

Personal Income

The total amount of income received by an individual or household from all sources before taxes.

Marginal Tax Rate

The percentage at which the last dollar of income is taxed, indicating how much tax will be paid on an additional dollar of income.

Decreased

A reduction in the quantity, size, intensity, or extent of something.

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