A Binomial Probability Distribution with P =

question 47

Multiple Choice

A binomial probability distribution with p = .3 is

• A)negatively skewed
• B)symmetrical
• C)positively skewed
• D)bimodal

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Definitions:

Slopes Downward

Describes a line or curve on a graph that decreases in value as it moves from left to right, often used in the context of supply and demand curves.

Concave

Describes a shape or curve that is curved inward, resembling the inner surface of a sphere or circle.

Indifference Curves

Graphical representations showing combinations of goods or services that give a consumer equal satisfaction and utility.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase at different prices.