The Normal Distribution Is a Good Approximation to the Binomial

question 63

True/False

The normal distribution is a good approximation to the binomial if both π ≥ 10 and n ≥ 10.

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Definitions:

Major Currencies

The world's most widely traded currencies, including the U.S. dollar, Euro, Japanese yen, and British pound, among others.

Foreign Exchange

The market in which currencies are traded and exchange rates are determined.

Demand Curve

A graph that shows the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.

Currency Value

The worth of a particular currency in terms of another currency or the amount of goods and services that can be exchanged for it.