Which One of the Following Is NOT a Condition of the Binomial

question 76

Multiple Choice

Which one of the following is NOT a condition of the binomial distribution?

• A)Independent trials
• B)Only two outcomes
• C)The probability of success remains constant from trial to trial
• D)Sampling at least 10 trials

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Definitions:

Promissory Note

A financial document in which one party promises to pay another party a definite sum of money at a specified future date or on demand.

Missing Value

A data point that is not recorded or is absent in a data set or analysis.

Simple Interest

Interest calculated on the principal amount of a loan or deposit without compounding.

Daily Closing Balance

The total amount in an account at the end of each day, taking into account all transactions and activities of that day.