Reference no: EM131050354
Compute P(X) using the binomial probability formula. Then determine whether the normal distribution can be used to estimate this probability. If so, approximate P(X) using the normal distribution and compare the result with the exact probability.
n=30, p=0.20.2, and X=15
(a) P(X)= ____ (round to 4 decimal places)
(b) Can the normal distribution be used to approximate this probability?A. Yes, the normal distribution can be used because np(1-p)≥10.B. No, the normal distribution cannot be used because np(1-p)≥10.C. Yes, the normal distribution can be used because np(1-p)<10.D. No, the normal distribution cannot be used because np(1-p)<10
(c) Approximate P(X) using the normal distribution. Use a standard normal distribution table. Select the correct choice below and fill in any answer blanks in your choice.
A. P(X)=______ (Round to four decimal places as needed.)B. There is no solution.
By how much do the exact and approximated probabilities differ? 2 choices A or B.A. ________ (Round to four decimal places as needed.)B. There is no solution.
Standardized statistics exam
: You give a standardized statistics exam for which the scores are normally distributed with a mean score of 750 and a standard deviation of 100.
|
Determine ratio of mortgage payment to gross monthly income
: Please calculate your loan application with 28/36% rule and show the clear and step-by-step calculation. Part A : Calculate the 28% rule [1] Determine the total monthly payment for principle and interest. Determine the ratio of mortgage payment to gr..
|
Explain the terms fair value less costs of disposal
: ACCT19062 Issues in Financial Reporting. Explain the terms 'fair value less costs of disposal' and 'value in use'. Prepare appropriate journal entries for Black Cabs Pty Ltd to record the events on 30 June 2015 and 30 June 2016
|
Identify one concept learned during the course
: Identify one concept learned during this course that was new to you and recently applied by you in your personal life. Explain in depth what the concept is about, why you were drawn to it and how you are using it.
|
Standard normal distribution table
: Compute P(X) using the binomial probability formula. Then determine whether the normal distribution can be used to estimate this probability. If so, approximate P(X) using the normal distribution and compare the result with the exact probability. ..
|
Pairs of treasury securities
: For each of the following pairs of Treasury securities (each with $1,000 par value), identify which will have the higher price: A three-year zero-coupon bond or a five-year zero-coupon bond? A two-year 5% coupon bond or a two-year 6% coupon bond?
|
How would you evaluate the company leadership methods
: For this discussion, conduct some independent research and locate an article that addresses a current company's leadership style and dysfunction. How would you evaluate the company's leadership methods differently - now - based on what you have l..
|
Nature of the relationship
: This correlation was judged to be statistically significant. In your own words, what can you say about the nature of the relationship?
|
Describe how the use of tools such as swot analysis
: Describe how the use of tools such as SWOT analysis and action plans support leaders and managers toward analyzing and evaluating results of a change initiative.
|