I a Binomial Distribution Is a Discrete Probability Distribution

question 30

Multiple Choice

i. A binomial distribution is a discrete probability distribution.
ii. To construct a binomial distribution, it is necessary to know the total number of trials and the
Probability of success on each trial.
iii. If the probability of success remains the same, but n increases, the shape of the binomial
Distribution becomes more symmetrical.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Accounts Payable

Liabilities of a company or an organization consisting of money owed to suppliers or creditors for goods and services received that are not yet paid for.

Inventory

Goods or materials that a business holds for the purpose of resale or production.

Cash

Money in the form of coins or notes, as opposed to checks, credit, or other forms of payment.

Net Working Capital

Net working capital, a key indicator of short-term financial strength, is determined by subtracting a firm's current liabilities from its current assets, impacting its ability to meet short-term obligations.