Determine whether the following probability experiment represents a binomial experiment and explain the reason for your answer. An investor randomly purchases 18 stocks listed on a stock exchange. Historically, the probability that a stock listed on this exchange will increase in value over the course of a year is 46%. The number of stocks that increase in value is recorded. Does the probability experiment represent a biniomial experiment? O A. No, because there are more than two mutually exclusive outcomes for each trial. O B. Yes, because the experiment satisfies all the criteria for a binomial experiment. O C. No, because the trials of the experiment are not independent. O D. No, because the probability of success differs from trial to trial.

Determine whether the following probability experiment represents a binomial experiment and explain the reason for your answer. An investor randomly purchases 18 stocks listed on a stock exchange. Historically, the probability that a stock listed on this exchange will increase in value over the course of a year is 46%. The number of stocks that increase in value is recorded. Does the probability experiment represent a biniomial experiment? O A. No, because there are more than two mutually exclusive outcomes for each trial. O B. Yes, because the experiment satisfies all the criteria for a binomial experiment. O C. No, because the trials of the experiment are not independent. O D. No, because the probability of success differs from trial to trial.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...

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