It Was Believed That the Probability of a Small Business

question 50

Multiple Choice

It was believed that the probability of a small business that declared bankruptcy per month was the same in any month.Also the number of small businesses that declared bankruptcy was the same every month.Which of the following distributions would you use to determine the probability that more than three bankruptcies will occur next month?

• A) Binomial distribution.
• B) Poisson distribution.
• C) Hypergeometric distribution.
• D) None of the above.

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Definitions:

Development Hurdle

Challenges or obstacles that must be overcome during the process of developing a new product, service, or project.

Mimicry

The action or art of imitating someone or something, often used as a survival strategy in the natural world.

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