Which Probability Model Would You Use to Describe the Number

question 99

Multiple Choice

Which probability model would you use to describe the number of customers served at a certain California Pizza Kitchen until the first customer orders split pea soup?

• A)Binomial
• B)Geometric
• C)Uniform
• D)Poisson

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Definitions:

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns, often involving the purchase of securities.

Compound Annual Rate

The rate at which an investment would have grown annually if it had compounded at a steady rate.

Dividends

Payments made by a corporation to its shareholder members, typically from profits.

Zero-Sum

A situation or game where the gain of one participant comes at the expense of another, resulting in a net change of zero.