It Was Believed That the Probability of a Small Business

question 303

Multiple Choice

It was believed that the probability of a small business that declared bankruptcy per month was the same in any month.Also,the number of small businesses that declared bankruptcy was the same every month.Which of the following distributions would you use to determine the probability that more than 3 bankruptcies will occur next month?

• A)Hypergeometric distribution.
• B)Poisson distribution.
• C)Uniform distribution.
• D)Binomial distribution.

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Definitions:

Late Night Shift

A work shift that takes place during the late evening to early morning hours, often outside standard business hours.

Minimum Requirements

The least or lowest acceptable standards or quantities needed to achieve a specific goal or function.

FCFS

First Come, First Served, a method of service or resource allocation where requests are processed in the order that they were received.

EDD

Stands for Earliest Due Date, a rule used in production and operations management to prioritize jobs, tasks, or items that have the earliest due dates first.