Can the Following Problem Be Solved by Using a Binomial

question 24

Multiple Choice

Can the following problem be solved by using a binomial model? Let's say that the probability that a student will arrive on time for a statistics class is 70%. How many students out of 30 would be on time for the last day of class?

• A)This problem can be solved using the binomial model because the students are not independent.
• B)Not enough information is provided to determine if the binomial model can be used.
• C)This problem cannot be solved using the binomial model because the students are not independent.
• D)A binomial model is only valid for the average probability rather than a particular day's probability.

Identify the factors influencing the shape of the term structure of interest rates.

Understand the concept of duration as a measure of interest rate risk.

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Understand the foundational principles of research ethics rules in Canada.

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