The Normal Distribution Is a Good Approximation to the Binomial

question 115

True/False

The normal distribution is a good approximation to the binomial if n = 25 and π = .50.

---

Definitions:

Posting

the process of transferring journal entries to respective accounts in the ledger.

Ledger

A book or electronic record used to record all of a company's financial transactions in chronological order.

T-account

A graphical representation used in accounting to illustrate the effects of transactions on account balances, with debits on the left and credits on the right.

Credit

A financial term denoting the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.