The Following Equation $P(r)=\left[\frac{n !}{r !(n-r) !} p^{r} q^{n-r}\right]$ , Can Be Used to Determine the Probability of Any

question 12

Multiple Choice

The following equation. $P(r) =\left[\frac{n !}{r !(n-r) !} p^{r} q^{n-r}\right]$ , can be used to determine the probability of any number of successes, r, so long as there are only two outcomes-success(p) and failure(q) . This is also called the ______.

• A) probability theorem
• B) binomial theorem
• C) proportion theorem
• D) probability distribution theorem

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Definitions:

Tax Bracket

A range of income taxed at a specific rate by the government, part of a progressive tax system.

Corporate Bond

A debt security issued by a corporation and sold to investors, paying fixed interest over its lifetime and repaying the principal at the bond’s maturity date.

Tax-Exempt

Financial earnings or transactions that are free from taxation.

Tax Bracket

The range of incomes taxed at particular rates, which increases progressively with higher earnings.