What Must You Know to Develop a Binomial Probability Distribution

question 6

Multiple Choice

What must you know to develop a binomial probability distribution?

• A)Probability of success
• B)Number of trials
• C)Number of successes
• D)a and b only
• E)a and c only

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Definitions:

Consistent

Showing steady conformity to a specific pattern, behavior, standard, or belief without significant variation.

Headings

Titles or labels used in documents or written material to separate sections or categories.

Bank Statement

A summarized documentation provided by a bank listing all transactions that have occurred in a given account within a specific period, including deposits, withdrawals, and balances.

Accounting Records

Documentation and books that systematically record all financial transactions of an entity, providing a basis for financial reporting.