The Requirement That the Probability of Success Remains Constant from Trial

question 76

Multiple Choice

The requirement that the probability of success remains constant from trial to trial is a property of the _______________ distribution.

• A)Binomial
• B)Poisson
• C)Hypergeometric
• D)Continuous

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Definitions:

Profit

The financial gain realized when revenue from business activities exceeds the costs and expenses involved in operating.

Market Rate

The prevailing price or cost of goods, services, wages, or interest rates in the open market.

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, electricity, and vehicle fuel.

Profit

The financial gain achieved when the revenue from selling goods or services exceeds the costs associated with production and operations.