Suppose That a Judge's Decisions Follow a Binomial Distribution and That

question 135

True/False

Suppose that a judge's decisions follow a binomial distribution and that his verdict is incorrect 10% of the time.In his next 10 decisions,the probability that he makes fewer than 2 incorrect verdicts is 0.736.

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Definitions:

Capital Intensive

A characteristic of businesses that require large investments in capital assets, like machinery and equipment, to produce goods or services.

Labor Intensive

Describes a process or industry that requires a large amount of labor to produce its goods or services, compared to the amount of capital used.

Manufacturing Businesses

Companies engaged in the conversion of raw materials into finished products through the use of machinery and labor, often at a large scale.

High-growth CEOs

Chief executive officers leading companies experiencing rapid expansion in revenue, staff, or market share.