A Binomial Random Variable Is an Example of a Discrete

question 5

True/False

A binomial random variable is an example of a discrete random variable.

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Definitions:

Secured Bonds

Bonds that are backed by specific assets of the issuer as collateral, giving bondholders a claim to those assets if the issuer defaults.

General Credit

An overarching term that may refer to the creditworthiness of an individual or entity, or sometimes used to describe general lines of credit available for borrowing.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders, providing limited liability protection among other benefits.

Sold

A term used when a product or service has been exchanged for payment or other consideration.