It Was Believed That the Probability of a Small Business

question 336

Multiple Choice

It was believed that the probability of a small business that declared bankruptcy per month was the same in any month. Also the number of small businesses that declared bankruptcy was the
Same every month. Which of the following distributions would you use to determine the
Probability that more than 3 bankruptcies will occur next month?

• A) Hypergeometric distribution.
• B) Poisson distribution.
• C) Uniform distribution.
• D) Binomial distribution.

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Definitions:

Descriptive

Pertaining to the act of describing or providing detailed information about characteristics, events, or phenomena.

Correlational

Pertaining to a research method that examines the relationship between variables without inferring a causational link.

Experimental

Relating to a scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Structuralism

A school of thought in psychology and sociology that emphasizes analyzing and understanding the structure of human thought, society, and culture by breaking them down into their simplest components.