(I the Binomial Distribution and the Poisson Distribution Have Two

question 99

Multiple Choice

(i. The binomial distribution and the Poisson distribution have two possible experimental outcomes. (ii) The Poisson distribution or, the law of improbable events, has negatively skewed shape.
(iii) In a Poisson distribution each trail is independent.

• 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:

Previous Balance

The amount of money in an account at the beginning of a new statement period, before any new transactions have been added.

Cycle Closing

The process of finalizing all transactions within a billing cycle for financial accounts.

Simple Interest

Interest calculated only on the principal amount of a loan or investment, rather than on previously earned interest.

Monthly Basis

pertaining to or calculated over the period of one month.