In Order to Compute a Binomial Probability We Must Know

question 75

Multiple Choice

In order to compute a binomial probability we must know all of the following except

• A)the probability of success
• B)the number of elements in the population
• C)the number of trials
• D)the value of the random variable

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Definitions:

Reasonable Expectations

The anticipation of certain outcomes based on typical circumstances, often legally considered in contractual agreements.

Legal Perspective

A viewpoint or analysis based on the principles and applications of law.

Practical Business

Pertains to common-sense strategies and actions within the realm of business aimed at efficiency and profitability.

Statute Of Frauds

A legal concept requiring certain types of contracts to be written and signed to be legally enforceable.