Determine Whether the Given Procedure Results in a Binomial Distribution

question 3

Multiple Choice

Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
-Spinning a roulette wheel 7 times, keeping track of the occurrences of a winning number of "16".

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

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Definitions:

Depreciable Cost

The total cost of an asset that is subject to depreciation, including purchase price and any additional expenses to bring the asset to its intended use, minus salvage value.

Straight-Line Depreciation

An approach to apportion the value of a tangible asset across its productive years in uniform yearly sums.

Estimated Useful Life

The expected timeframe during which an asset is considered to be useful or productive for its intended purpose.

Depreciation Expense

The allocated portion of the cost of a tangible or physical asset that is written off as an expense over its useful life.