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Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
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ATM Machines
Automated Teller Machines, which are electronic banking outlets that allow customers to complete transactions without the need for a branch visit.
Great Recession
A significant decline in economic activity spread across the economy, lasting from late 2007 to mid-2009, known for being the most severe economic downturn since the Great Depression.
Overdraft Fees
Charges applied by financial institutions when spending exceeds the amount available in a checking account.
Service Charge Income
Revenue earned by banks or businesses for providing specific services to their clients or customers.
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