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:

Homophobia

A range of negative attitudes and feelings toward homosexuality or people who are identified or perceived as being homosexual.

Ethnocentrism

The belief in the superiority of one's own ethnic group, culture, or nationality, often resulting in prejudice and disregard for other cultures.

Workplace Diversity

The inclusion of a variety of differences among people in an organization, including race, gender, age, culture, and other demographic attributes.

Sexual Orientation

A person's emotional, romantic, or sexual attraction to individuals of the same gender, a different gender, both, or neither.