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:

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts, providing a way to eliminate or repay some or all debt under the protection of the bankruptcy court.

Warranties

Promises made by a seller to a buyer regarding the condition, functionality, or reliability of a product or service.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Holder

An individual or entity that legally possesses a negotiable instrument, like a check or bond, and has the right to enforce its terms.