Which of the Following Statements Is True with Respect to the Binomial

question 22

Multiple Choice

Which of the following statements is true with respect to the binomial distribution?

• A) The binomial distribution tends to be more symmetric as the probability of success p approaches 0.5.
• B) As the number of trials increase, the expected value of the random variable decreases.
• C) As the number of trials increase for a given probability of success, the binomial distribution becomes more skewed.
• D) The binomial distribution tends to be more symmetric as the probability of success p approaches 1.0.
• E) None of these.

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Definitions:

Time Series

A forecasting technique that uses a series of past data points to make a forecast.

Cycles

Patterns in the data that occur every several years.

Random Variations

Unpredictable fluctuations in data or processes that do not follow a discernible pattern or trend.

Forecasting Techniques

Various quantitative and qualitative methods used to predict future events or trends, such as demand for products or services.