Determine Whether the Given Procedure Results in a Binomial Distribution

question 93

Multiple Choice

Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
-Choosing 5 marbles from a box of 40 marbles (20 purple, 12 red, and 8 green) one at a time with replacement, keeping track of the colors of the marbles chosen.

• 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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Operating Cost

The expenses associated with running a business's core operations on a day-to-day basis.

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The allocation of resources, such as capital or time, in expectation of generating future returns.

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The minimum return an investor expects to achieve by investing in a particular asset, taking into account its risk level.

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