A Company Wants to Select 1 Project from a Set

question 76

Multiple Choice

A company wants to select 1 project from a set of 4 possible projects. Which of the following constraints ensures that only 1 will be selected?

• A) X₁ + X₂ + X₃ + X₄ = 1
• B) X₁ + X₂ + X₃ + X₄ ≤ 1
• C) X₁ + X₂ + X₃ + X₄ ≥ 1
• D) X₁ + X₂ + X₃ + X₄ ≥ 0

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Definitions:

Binomial Probabilities

The probabilities of achieving a specific number of successes in a fixed number of Bernoulli trials, characterized by only two possible outcomes.

Poisson Random Variable

A variable that follows the Poisson distribution, mainly used to model the number of times an event happens in a fixed interval of time or space.

Discrete Random Variable

A type of random variable that assumes a countable number of distinct values, often representing outcomes of a random process.

Poisson Random Variable

A statistical measure that represents the number of events occurring in a fixed interval of time or space which are independent of each other.