Which of the Following Can Be Modeled Using a Bernoulli

question 108

Multiple Choice

Which of the following can be modeled using a Bernoulli distribution?

• A)a survey question where an individual responds yes or no
• B)the highest recorded temperature in the month of June
• C)the number of errors per product produced
• D)the average number of consumers in a restaurant

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Definitions:

Economic Value

The measure of the benefit provided by a good or service to an economic agent.

Bequest

A transfer of personal property or assets to beneficiaries through a will.

Compounded Monthly

Interest calculation method where interest is added to the principal balance monthly, leading to interest on interest.

Monthly Investments

Regular investments made on a monthly basis, often as part of a disciplined strategy to accumulate wealth over time.