Determine Whether the Given Procedure Results in a Binomial Distribution

question 19

Multiple Choice

Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
-Rolling a single "loaded" die 11 times, keeping track of the "fives" rolled.

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

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Definitions:

Money Supply

The aggregate volume of currency resources present in an economy at any given time, covering cash, coins, and the funds in checking and savings accounts.

Fed

Short for the Federal Reserve System, which is the central banking system of the United States responsible for monetary policy.

Government Securities

Debt instruments issued by a government to finance its expenditures, offering a return to investors.

Simple Money Multiplier

The reciprocal of the required reserve ratio, or 1/r; the maximum multiple of fresh reserves by which the money supply can increase.