It Was Believed That the Probability of a Small Business

question 104

Multiple Choice

It was believed that the probability of a small business that declared bankruptcy per month was the same in any month. Also the number of small businesses that declared bankruptcy was the same every month. Which of the following distributions would you use to determine the probability that more than three bankruptcies will occur next month?

• A) binomial distribution
• B) Poisson distribution
• C) both of the above
• D) none of the above

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Definitions:

Skinner

B.F. Skinner, an American psychologist and behaviorist known for his work in developing the theory of operant conditioning, which involves learning through rewards and punishments.

Method

A systematic way of doing something, often involving a detailed and established procedure or technique.

Industrial and Organizational Psychologists

Psychologists who apply psychological theories and principles to organizations and the workplace to solve problems and improve the quality of work life.

Productivity

A measure of the efficiency of a person, machine, system, etc., in converting inputs into useful outputs.