Which of the Following Is a Characteristic of a Binomial

question 43

Multiple Choice

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

• A) At least two outcomes are possible.
• B) The probability of success changes from trial to trial.
• C) The trials are independent.
• D) All of the answers are correct.

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Definitions:

Installments

Payments divided over a period of time for a debt or purchase, rather than paying the total amount upfront.

Default

Failing to fulfill a legal obligation, such as not making a scheduled payment on a loan.

Negotiable Instrument

An official paper that promises the disbursement of a designated sum of money, which can be demanded at any time or paid at an agreed-upon moment, identifying the payer.

Given Value

The consideration or price paid for something; often used in the context of transactions or agreements to denote the value exchanged.