Businesses Have Found a Number of Different Ways to Use

question 36

True/False

Businesses have found a number of different ways to use virtual world SNSs. Some of the virtual world business applications described in the textbook include new product development, training and online meetings.

---

Definitions:

Binomial Random Variable

A type of random variable that represents the number of successes in a sequence of n independent experiments.

Normal Approximation

A method used in statistics to approximate a binomial distribution with a normal distribution when the sample size is large and the probability of success is not too close to 0 or 1.

Cumulative Binomial Probabilities

The sum of probabilities of achieving a given number of successes in a fixed number of Bernoulli trials.

Relative Frequency

The ratio of the number of times a specific value or event occurs to the total number of occurrences in a given dataset.