The Key Difference Between the Binomial and Hypergeometric Distribution Is

question 121

Multiple Choice

The key difference between the binomial and hypergeometric distribution is that with the hypergeometric distribution

• A)the probability of success must be less than 0.5
• B)the probability of success changes from trial to trial
• C)the trials are independent of each other
• D)the random variable is continuous

---

Definitions:

Allocation

The process of distributing resources or tasks among people or groups based on a specific criteria.

Efficient Industries

Industries that achieve maximum productivity with minimum wasted effort or expense.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production and trade.

Consumer Market

A marketplace for goods and services that are purchased for personal, family, or household use.