While a Binomial Distribution Describes Count Data That Can Be

question 100

Multiple Choice

While a binomial distribution describes count data that can be classified into one of two mutually exclusive categories, a ________ distribution describes count data that are classified into more than two mutually exclusive categories.

• A) normal
• B) skewed
• C) uniform
• D) multinomial

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Definitions:

Due Today

The amount of money that must be paid or is payable today.

Interest Free

Describes a loan or credit arrangement that does not require the borrower to pay interest on the borrowed amount.

Short Term Debt

Refers to any financial obligation that is due for repayment within one year.

Interest Rate

The portion of a loan subject to interest fees for the borrower, typically indicated as an annual percentage of the remaining loan principal.