Decide Which Probability Distribution -Binomial, Geometric, or Poisson- Applies to the Question

question 68

Multiple Choice

Decide which probability distribution -binomial, geometric, or Poisson- applies to the question. You do not need to
answer the question.
-Given: The probability that a federal income tax return is filled out incorrectly with an error in favor of the taxpayer is 20%. Question: What is the probability that of the ten tax returns randomly selected for an audit,
Three returns will contain only errors favoring the taxpayer?

• A)binomial
• B)geometric
• C)Poisson

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Definitions:

Collaborative Law

A legal process enabling couples who have decided to separate or end their marriage to work with their lawyers and, on occasion, other family professionals to achieve a settlement that best meets the specific needs of both parties and their children.

Binding Arbitration

A dispute resolution process where an arbitrator's decision is final and legally binding for both parties.

Med-arb

A hybrid dispute resolution process combining both mediation and arbitration, where a mediator may become an arbitrator if mediation fails.

Arbitration Process

A method of dispute resolution where an impartial third party makes a binding decision to resolve a dispute between two or more parties.