Which One of the Following Is NOT a Condition of the Binomial

question 95

Multiple Choice

Which one of the following is NOT a condition of the binomial distribution?

• A) Independent trials
• B) Only two outcomes
• C) Probability of success remains constant from trial to trial
• D) At least 10 observations

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Definitions:

Business Investment Expenditures

Business investment expenditures refer to the outlays by companies on capital goods, including machinery, equipment, and buildings, aiming to enhance their production or operations.

Consumer Durable Expenditures

Spending on goods that are expected to last for more than three years, such as appliances, vehicles, and furniture.

Corporate Tax Rate

The percentage of a corporation's profits that is paid as tax to the government.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent or salaries.