Which of the Following Is NOT a Characteristic of a Binomial

question 127

Multiple Choice

Which of the following is NOT a characteristic of a binomial probability distribution?

• A) Each outcome is mutually exclusive
• B) Each trial is independent
• C) Probability of success remains constant from trial to trial
• D) Each outcome results from two trials

Analyze court holdings related to negotiable instruments and bank transactions.

Recognize the legal responsibilities and liabilities of authorized agents, accommodation parties, and indorsers in the context of negotiable instruments.

Identify the steps an individual must take to avoid personal liability when acting as an agent.

Comprehend the circumstances under which a person is discharged from liability on a negotiable instrument.

---

Definitions:

Days' Sales Uncollected

A financial metric reflecting the average number of days it takes for a company to collect payment after making a sale.