If You Are Conducting an Experiment Where the Probability of a Success

question 47

Multiple Choice

If you are conducting an experiment where the probability of a success is .02 and you are interested in the probability of two successes in 15 trials, the correct probability function to use is the _____.

• A) standard normal probability density function
• B) normal probability density function
• C) Poisson probability function
• D) binomial probability function

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Definitions:

Agency Shop Agreement

An arrangement whereby employees must pay union dues but aren’t required to join the union.

Nonunion Workers

Employees who are not members of a labor union and typically do not have the collective bargaining support that unionized workers receive.

Unionization Rate

The proportion of workers who are members of a union within a particular industry or workforce.

Retail Trade

The selling of goods and services directly to consumers, including various formats such as brick-and-mortar stores and online sales.