The Binomial Distribution Deals with Consecutive Trials,each of Which Has

question 30

True/False

The binomial distribution deals with consecutive trials,each of which has two possible outcomes.

---

Definitions:

Depression

A deep and prolonged business downturn; the last one occurred in the 1930s.

Velocity of Circulation

The rate at which money moves through the economy, from transactions of individuals and businesses.

Unemployment Rate

A measure of the percentage of the labor force that is jobless and actively looking for employment.

Expansionary Monetary Policy

A policy by central banks to increase the money supply and decrease interest rates to stimulate economic growth.