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Provide an appropriate response.
-Three random variables X, Y, and Z, are described below. In which of these situations would it be acceptable to use the binomial distribution?
A: A bag contains 4 blue marbles and 8 red marbles. Five marbles are drawn at random with
Replacement. The random variable X is the number of blue marbles drawn.
B: A bag contains 4 blue marbles and 8 red marbles. Six marbles are drawn at random without
Replacement. The random variable Y is the number of blue marbles drawn.
C: A bag contains 30 blue marbles and 38 red marbles. Three marbles are drawn at random without Replacement. The random variable Z is the number of blue marbles drawn.
Service Department Charge Rate
The rate at which internal service departments charge other parts of the same organization for the services rendered.
Accounting Department
The division within a company responsible for managing financial records, ensuring compliance with accounting standards, and producing financial statements.
Service Department Cost
Involves the expenses associated with the departments that do not directly produce goods but provide support or services to other departments within an organization.
ABC Corporation
A hypothetical or generic naming convention used to represent a company in examples or case studies.
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