The Key Difference Between Binomial and Hypergeometric Distributions Is That

question 13

Multiple Choice

The key difference between binomial and hypergeometric distributions is that with the hypergeometric distribution the _____.

• A) probability of success must be less than .5
• B) probability of success changes from trial to trial
• C) trials are independent of each other
• D) random variable is continuous

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Definitions:

Natural Rate

Often referred to as the natural rate of unemployment, it is the level of unemployment consistent with a stable inflation rate.

Phillips Curves

The economic theory suggesting an inverse relationship between inflation and unemployment rates over the short-term.

Expected Inflation

The rate of inflation that consumers, businesses, and investors anticipate will occur in the future, which can influence economic behavior in the present.

Phillips Curve

An economic theory that suggests an inverse relationship between the rate of unemployment and the rate of inflation in an economy.