The Properties of a Multinomial Experiment Include All of the Following

question 32

Multiple Choice

The properties of a multinomial experiment include all of the following except​

• A) ​the experiment consists of a sequence of n identical trials.
• B) ​three or more outcomes are possible on each trial.
• C) ​the probability of each outcome can change from trial to trial.
• D) ​the trials are independent.

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Definitions:

Credit Union

A financial institution that is owned and operated by its members, focusing on providing credit at competitive rates as well as other financial services.

Maturity Value

For an interest-bearing note, it is the sum of the face value (principal) and the interest dollars: MV = P + I.

360-Day Year

An accounting assumption that simplifies interest calculations by using a year composed of twelve 30-day months.

Leap Years

Years that contain 366 days instead of the usual 365, with an extra day added to February, occurring every four years to maintain the calendar year's alignment with the Earth's revolutions around the Sun.