Which of the Following About the Binomial Distribution Is Not

question 24

Multiple Choice

Which of the following about the binomial distribution is not a true statement?

• A) The probability of success must be constant from trial to trial.
• B) Each outcome is independent of the other.
• C) Each outcome may be classified as either "event of interest" or "not event of interest."
• D) The random variable of interest is continuous.

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Definitions:

Selling Activities

Actions undertaken by a company to promote and sell its products or services, including advertising, sales promotions, and personal sales.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.

GAAP Estimate

An accounting estimate made following Generally Accepted Accounting Principles guidelines.

Prior-Period Adjustment

Corrections made to an organisation’s financial statements for errors found in the financials of preceding periods.