Which of the Following About the Binomial Distribution Is Not

question 38

Multiple Choice

Which of the following about the binomial distribution is not a true statement?

• A) The probability of the event of interest must be constant from trial to trial.
• B) Each outcome is independent of the other.
• C) Each outcome may be classified as either "event of interest" or "not event of interest."
• D) The variable of interest is continuous.

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Definitions:

Debtor Claim

A demand for repayment from a debtor; may refer to the legal right to demand money owed.

Limited Liability

A legal structure that limits the personal financial responsibility of owners for the debts and actions of a business.

Corporation

A legal entity distinct from its owners, offering limited liability to its shareholders, and capable of owning assets, incurring debt, and conducting business.

Partnership

A formally established business entity where two or more counterparts participate in managing the firm and splitting the profits.