To Determine the Probability of Getting More Than 3 Events

question 199

True/False

To determine the probability of getting more than 3 events of interest in a binomial distribution,you will find the area under the normal curve for X = 3.5 and above.

---

Definitions:

Factor Suitability

Factor suitability refers to the degree to which a country's resources—such as labor, land, and capital—are appropriate for producing certain goods or services efficiently.

Law Of Increasing Cost

An economic principle that states as production of a good expands, reflecting increased demand or supply shifts, the cost of producing an additional unit of output increases.

Butter

A dairy product made from churning milk or cream, widely used as a spread and in cooking.

Gun Makers

Companies or individuals involved in the manufacturing of firearms.