Determine Whether the Given Procedure Results in a Binomial Distribution

question 43

Multiple Choice

Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
-Choosing 4 marbles from a box of 40 marbles (20 purple, 12 red, and 8 green) one at a time without replacement, keeping track of the number of red marbles chosen.

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

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Definitions:

Lag

A delay between an action and its effect or between two related events.

Federal Open Market Committee

The branch of the Federal Reserve Board that determines the direction of monetary policy in the United States.

Federal Reserve

The Federal Reserve is the central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and ensuring stability of the financial system.

Monetary Policy

The process by which a government, central bank, or monetary authority manages the supply of money and interest rates to achieve specific economic objectives.