To approximate a discrete distribution that has many different outcomes useful in most applied business and economic problems,we are,in fact,using the:
A)Poisson distribution.
B)normal distribution.
C)Hypergeometric distribution.
D)marginal distribution.

Question

Quizplus · Accepted Answer

The normal distribution is often used to approximate discrete distributions with many different outcomes, especially when the distribution is approximately symmetrical and the number of outcomes is large. This is because the normal distribution is a continuous distribution that can provide a good approximation of discrete distributions with a large number of outcomes. The Poisson distribution is used to model the number of rare events in a fixed interval, the hypergeometric distribution is used to model sampling without replacement, and the marginal distribution refers to the distribution of a single variable in a joint distribution.

To Approximate a Discrete Distribution That Has Many Different Outcomes