List the Three Methods for Finding Binomial Probabilities in the Table

question 186

Essay

List the three methods for finding binomial probabilities in the table below, and then complete the table to
discuss the advantages and disadvantages of each. $$\begin{array} { | l | l | l | } \hline \text { Methods } & \text { Advantage } & \text { Disadvantage } \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

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Definitions:

Communism

Is a social and economic system in which property is owned by public bodies; government planning, not the market, determines production and distribution.

German Nazism

A totalitarian ideology and movement led by Adolf Hitler and the National Socialist German Workers' Party, emphasizing nationalism, racism, and the leadership principle, and leading to World War II and the Holocaust.

Excess Capacity

A situation where a company or economy can produce more goods or services than currently demanded, leading to underutilized resources.

Personal Choice

The freedom of individuals to make decisions for themselves, based on personal preferences, beliefs, or values, without external coercion or limitation.