A Hypergeometric Random Variable X Has a Distribution That Is

question 119

Multiple Choice

A hypergeometric random variable x has a distribution that is approximated by a binomial distribution when

• A) the number of successes is larger than the number of failures in the population.
• B) a sample is selected from the population without replacement.
• C) the population is much larger (about 20 times larger) than the sample size.
• D) the sample size is half the size of the original population.

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Definitions:

Government Revenue

The total income received by the government from various sources, including taxes, fees, fines, and the sale of goods and services.

Domestic Demand Curve

A graphical representation of the quantity of goods and services demanded by domestic consumers at various price levels.

Domestic Supply Curve

A graphical representation of the relationship between the price of a good within a country and the quantity of that good that suppliers are willing to produce.

Equilibrium Price

The rate in the market at which the provision of goods aligns with the requisition of goods.