Binomial Distributions Represent _______ Random Variables

question 31

Multiple Choice

Binomial distributions represent _______ random variables.

• A)discrete
• B)continuous
• C)None of the above

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Definitions:

Collateral

An asset that a borrower offers to a lender as security for a loan. If the borrower fails to repay, the lender may seize the collateral to recoup losses.

Choice

The act of selecting between two or more possibilities or the freedom to pick an option among several.

Capacity

The maximum amount that something can contain or produce; in a business context, it often refers to the maximum output or production ability.

Collateral

An asset that a borrower offers to a lender as security for a loan.