Asked by Daniela Lopez on Jul 11, 2024
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In general, the binomial probability P(X x) is approximated by the area under the normal curve to the left of x + - .5.
Normal Curve
A symmetric bell-shaped curve that represents the distribution of many types of data; most values remain near the mean and the frequencies decrease further from the mean.
Binomial Probability
The probability of obtaining a fixed number of successes in a set number of trials in an experiment with two possible outcomes.
Continuity Correction
A correction used in approximating a discrete distribution with a continuous one, especially in hypothesis testing with binomial distributions.
- Acquire knowledge on the concept of binomial probability and how it is approximated by the normal distribution.
- Identify the appropriate instances for implementing continuity correction within normal approximation.
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Learning Objectives
- Acquire knowledge on the concept of binomial probability and how it is approximated by the normal distribution.
- Identify the appropriate instances for implementing continuity correction within normal approximation.
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