Determine Whether the Given Procedure Results in a Binomial Distribution

question 182

Multiple Choice

Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
-Rolling a single die 53 times, keeping track of the "fives" rolled.

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

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Definitions:

Amortization Expense

Amortization Expense is the gradual recognition of the cost of intangible assets over their useful life, reflecting how these assets contribute to revenue generation over time.

Accumulated Amortization

The total amount that has been amortized or written off for an intangible asset over its useful life up to a specific date.

Straight-line Method

A technique for distributing the expense of a physical asset uniformly throughout its lifespan.

Salvage Value

An asset's remaining worth estimated at the conclusion of its life of use.