If a Study Is Set Up in Such a Way

question 48

Multiple Choice

If a study is set up in such a way that a sample of people is surveyed to determine whether they have ever used a particular product, the likely probability distribution that would describe the random variable, the number who say yes, is a:

• A) binomial distribution.
• B) Poisson distribution.
• C) uniform distribution.
• D) continuous distribution.

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Definitions:

Global Trade

The exchange of goods, services, and capital across international borders or territories.

Payment Instruments

Various methods available for transferring money or settling transactions, including cash, checks, credit cards, and electronic transfers.

Free Trade Agreements

International pacts between two or more countries to reduce barriers to imports and exports among them, promoting trade.

NAFTA

The North American Free Trade Agreement, a treaty entered into by the United States, Canada, and Mexico, aimed at eliminating trade barriers and promoting economic integration among these countries.