Which Probability Distribution Is Appropriate When the Events of Interest

question 98

Multiple Choice

Which probability distribution is appropriate when the events of interest occur randomly, independently of one another, and rarely?

• A) Binomial distribution
• B) Poisson distribution
• C) Hypergeometric distribution
• D) any discrete probability distribution
• E) all of these

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Definitions:

Place

In marketing, refers to the distribution aspect and making the product available to the customer at the right location.

Inventory

The total amount of goods and materials held in stock by a business, warehouse, or store.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically comprised of the 4Ps: Product, Price, Place, and Promotion.

Easiest

Pertaining to the use or role of something being the most straightforward, requiring the least effort, difficulty, or complexity.