The Function Used to Compute the Probability of X Successes

question 26

Multiple Choice

The function used to compute the probability of x successes in n trials, when the trials are dependent, is the _____.

• A) binomial probability function
• B) Poisson probability function
• C) hypergeometric probability function
• D) exponential probability function

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Definitions:

Marginal Utility

Marginal Utility is the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Video Game Rental

A service that allows consumers to borrow video games for a limited period of time in exchange for a fee.

Marginal Utility

The additional satisfaction a consumer gains from consuming one more unit of a good or service.

Movie Rental

A service that allows consumers to temporarily access films for a fee without purchasing them outright.