The Hypergeometric Probability Distribution Is Used Rather Than the Binomial

question 67

Multiple Choice

The hypergeometric probability distribution is used rather than the binomial distribution when the sampling is performed:

• A) with replacement from a finite population
• B) without replacement from a finite population of size N and that size N is small in relation to the sample size n namely, n / N.05
• C) without replacement from an infinite population
• D) with replacement from an infinite population

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Definitions:

Negotiation

The process by which two or more parties with different needs or goals discuss an issue in an attempt to reach a compromise or agreement.

Mediation

A form of alternative dispute resolution where a neutral third party helps the disputing parties find a mutually satisfactory solution.

Med-Arb

A combined process of mediation and arbitration where parties first attempt mediation, and if unresolved, the same or a different neutral party arbitrates the dispute.

Alternative Dispute Resolution

Alternative Dispute Resolution (ADR) encompasses methods outside the judicial system to resolve disputes, including arbitration and mediation.