Determine Whether the Given Procedure Results in a Binomial Distribution

question 96

Multiple Choice

Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
-Spinning a roulette wheel 5 times, keeping track of the winning numbers.

• A) Not binomial: there are too many trials.
• B) Procedure results in a binomial distribution.
• C) Not binomial: the trials are not independent.
• D) Not binomial: there are more than two outcomes for each trial.

---

Definitions:

Merit

Merit refers to the quality of being particularly good or worthy, especially so as to deserve praise or reward.

Productivity

The measure of how efficiently goods and services are produced, often expressed as the ratio of outputs to inputs.

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.

Average Total Cost (ATC)

ATC refers to the per-unit cost of production, calculated by dividing the total costs by the quantity of output produced.