Islamic Mutual Funds Promotional Activities: Normal Approximation Of Binomial Distribution

by Assoc. Prof. Dr. Mohd Yaziz Bin Mohd Isa, Hannan Azzahra and Prof. Dr. Zulkiffllee Mohamed

Journal of ISOSS, (2019), Vol.5(2), Pages 85-91

Abstract

The paper applies normal approximation procedure to binomial probability distribution. A sample of 392 respondents are surveyed whether they agree or not agree that promotional activities determined the level of awareness of benefits of Islamic mutual funds. The paper hypothesizes the population mean μ of success effects of promotional activities at 68%, and attempts to reduce Type I error – the probability of rejecting null hypothesis when it is true.

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