Determine Which of the Given Procedures Describe a Binomial Distribution

question 13

Multiple Choice

Determine which of the given procedures describe a binomial distribution.

• A)Record the number of songs downloaded in a month for a group of 30 randomly selected college students.
• B)Observing that ten out of the next twenty customers at a grocery store checkout use a credit card given that the probability of using a credit card is 0.58.
• C)Surveying customers entering a sporting equipment store until a customer responds that he or she was shopping for a bicycle.
• D)Surveying every 5th person going into a department store to determine age groups of customers.

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Definitions:

Operating Agreements

Legal documents outlining the governance and operational guidelines of an LLC, including details about management, profit sharing, and member responsibilities.

LLC

A Limited Liability Company, a hybrid business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Member-Managed

This term describes a form of management structure for a limited liability company (LLC) where all members participate in the decision-making processes.

Limited Partnership

A partnership consisting of at least one general partner, who manages the business and is personally liable for debts, and one or more limited partners, who invest capital but have limited liability and are not involved in day-to-day management.