Assume you record the number of "grand prizes" for a huge sample of 100 spins. What will be the standard deviation (the standard error) of the number of grand prizes? 1 4

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Extracted text: Assume you record the number of "grand prizes" for a huge sample of 100 spins. What will be the standard deviation (the standard error) of the number of grand prizes? 1 4


Extracted text: Normal Approximation to the Binomial The next 5 questions refer to the following scenario: The probability of winning the "grand prize" at a fortune spinning wheel is p=0.2. Use the normal distribution approximation to answer the following questions.