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Unformatted text preview: rented any night. Use the Normal Approximation to obtain: a. Exact Binomial: Normal CDF (5, 6, ,5.25,1.847) = .211 b. The Normal Approximation with correction (+/ 0.5): 4.5  5.25 = .406 .3446 6.5  5.25 = .67 .7517 1.847 1.847 With corrections : .7517  .3446 = 0.4071 c. The Approximation without the (+/ 0.5) corrections : 5  5.25 = .135 .443 6  5.25 = .406 .6554 1.847 1.847 Without corrections: .6554  .443 = 0.2124 Case Exact Binomial Approximate (with Correction) Approximate (w/ o Correction) 150 Rooms .5561 .6081 .5625 15 Rooms .211 .4071 .2148 Percent Difference 35% 20% 35%...
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 Spring '08
 Romeo
 Normal Distribution, Binomial distribution, Normal approximation, Adam Davidson, Adam Schatz

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