I a Binomial Distribution Is a Discrete Probability Distribution

question 68

Multiple Choice

i. A binomial distribution is a discrete probability distribution. ii. To construct a binomial distribution, it is necessary to know the total number of trials and the probability of success on each trial.
iii. If the probability of success remains the same, but n increases, the shape of the binomial distribution becomes more symmetrical.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Bad Debts Expense

The cost reported by a company due to the unrecoverable credit it extended to its customers, representing expected losses from unpaid financial obligations.

Notes Receivable Account

An account on the balance sheet representing claims for payments from customers or other parties due within a year or more.

Dishonored Notes

Refer to promissory notes that have not been paid by the maker at maturity.