It Was Believed That the Probability of a Small Business

question 303

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 3 bankruptcies will occur next month?

• A)Hypergeometric distribution.
• B)Poisson distribution.
• C)Uniform distribution.
• D)Binomial distribution.

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Definitions:

Twenty-Fifth Amendment

An amendment to the U.S. Constitution that outlines the procedures for presidential succession and the replacement of a vice president.

Presidential Capability

Refers to the powers and ability of the President of the United States to effectively manage and execute the duties of the office.

Twenty-Fifth Amendment

An amendment to the U.S. Constitution that provides procedures for replacing the president or vice president in the event of death, removal, resignation, or incapacitation.

Vice President

The second-highest executive officer in the United States government, who acts as the President's deputy and assumes the presidency upon the President's death, resignation, or incapacitation.