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Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
-Spinning a roulette wheel 9 times, keeping track of the occurrences of a winning number of "16".
Tolerance for Failure
The extent to which an individual or organization is willing to accept and learn from failures without significant negative consequences.
Angel Investor
An affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.
Equity
Ownership interest in a firm, represented by shares that entitle their holders to a share in the firm's profits and a say in its management.
Franchisor
A business entity that grants the right to operate a franchise under its brand name and system to a franchisee.
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