For a Binomial Distribution,each Trial Has a Known Number of Successes.For

question 36

True/False

For a binomial distribution,each trial has a known number of successes.For example,a four question multiple-choice test can only have zero,one,two,three and four successes (number correct).

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Definitions:

Trade Deficits

A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Saving Rate

The portion of income that is not spent on consumption but is saved or invested for future use.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold; countries agree to convert currency into a fixed amount of gold.

Fixed Exchange-Rate

A regime under which the government or central bank ties the official exchange rate to another country's currency or the price of gold.