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Improve the normal approximation to the binomial

Assignment Help Basic Computer Science
Reference no: EM132534518

Question 1.

1. If you look up the word normal in a dictionary, you will find it is synonymous with the words standard and usual. Consider the very wide and general applications of the normal probability distribution. Comment on why good synonyms for normal probability distribution might be the standard probability distribution or the usual probability distribution. List at least three random variables from everyday life for which you think the normal probability distribution could be applicable.

2. Why would you want to use the normal distribution to approximate a binomial distribution?

3. What is continuity correction? How does it improve the normal approximation to the binomial?

References:

Exploring Statistics: Tales of Distributions by Chris Spatz

Question 2.

Given the growth in telecommuting and other mobile work arrangements, how might offices physically change in the coming years? Will offices as we think of them today exist in the next ten years? Why or why not?

References:

Pearlson, K., Saunders, C., Galletta, D. (2020). Managing and Using Information Systems: A Strategic Approach, 7th Edition. Hoboken, NJ: John Wiley & Sons, Inc. ISBN: 978-1119560562

Reference no: EM132534518

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