Which of the Following Statements Is Not True About the Binomial

question 32

Multiple Choice

Which of the following statements is not true about the binomial distribution?

• A)A random variable having a binomial distribution is a finite count, and the minimum value is zero.
• B)The smallest value can be zero or an integer above zero.
• C)The overall experiment consists of independent and identical trials.
• D)The mean does not have to be an integer, even though the variable is a count.

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Definitions:

Eliminating The Shortage

Actions or policies aimed at resolving the situation where demand exceeds supply for a good or service, usually by increasing supply or reducing demand to restore market equilibrium.

Surplus Of Product

A situation in which the quantity of a product supplied exceeds the quantity demanded, typically resulting in excess stock.

Equilibrium Level

The condition where the supply and demand in the market are equal, leading to steady prices and quantities.

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.