Compare results obtained using the two different approaches

Reference no: EM131167026

Past experience indicates that 30% of all individuals entering a certain store decide to make a purchase. Using

(a) the binomial distribution and

(b) the normal approximation to the binomial,

find that probability that 10 or more of the 30 individuals entering the store in a given hour will decide to make a purchase.

Compare the results obtained using the two different approaches.

Under what csonditions will the normal approximation to this binomial probability become even more accurate?

Reference no: EM131167026

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