Experiments with Repeated Independent Trials Will Be Described by the Binomial

question 27

Multiple Choice

Experiments with repeated independent trials will be described by the binomial distribution if​

• A) ​the trials are continuous.
• B) ​each trial result influences the next.
• C) ​the time between trials is constant.
• D) ​each trial has exactly two outcomes whose probabilities do not change.

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Definitions:

Agricultural Subsidies

Government financial assistance to farmers to supplement their income, stabilize food prices, and ensure a reliable food supply.

Tariffs

Taxes imposed on imported goods and services, which are typically used by governments to regulate trade and protect domestic industries.

Agricultural Imports

Refers to the purchase of food, crops, and other agricultural products from foreign countries to meet domestic demand or supply shortages.

Price Supports

Government interventions in markets to maintain the price of a commodity or product above market levels through subsidies or purchases.