Which of the Following Statements Is Correct

question 12

Multiple Choice

Which of the following statements is correct?

• A)The binomial and normal distributions are both discrete probability distributions.
• B)The binomial and normal distributions are both continuous probability distributions.
• C)The binomial distribution is a continuous probability distribution, and the normal distribution is a discrete probability distribution.
• D)The binomial distribution is a discrete probability distribution and the normal distribution is a continuous probability distribution.

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Definitions:

Macroeconomic Environments

The broad economic conditions and contexts that affect the economy as a whole, including inflation rates, growth rates, employment levels, and government policies.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from its mean.

HMO

Health Maintenance Organization, a medical insurance group that provides health services for a fixed annual fee.

Expected Revenue

The anticipated amount of money a business expects to receive over a certain period, accounting for factors like price and demand for its goods or services.