Which of the Following Is a Characteristic of a Binomial

question 78

Multiple Choice

Which of the following is a characteristic of a binomial experiment?

• A)at least 2 outcomes are possible
• B)the probability changes from trial to trial
• C)the trials are independent
• D)None of these alternatives is correct.

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Definitions:

Partnership

A legal form of business operation between two or more individuals who share management and profits or losses.

Operating Agreement

An operating agreement is a legal document outlining the governance and business operations of an LLC (Limited Liability Company).

Limited Liability Company

An organizational framework that blends the individual tax reporting features of partnerships or sole proprietorships with the reduced personal legal responsibility found in corporations.

Withdraw

The act of pulling back or removing oneself or one's assets from a situation, investment, or commitment.