Multiple Choice
It was believed that the probability of a small business that declared bankruptcy per month was the same in any month.Also the number of small businesses that declared bankruptcy was the same every month.Which of the following distributions would you use to determine the probability that more than three bankruptcies will occur next month?
A) Binomial distribution.
B) Poisson distribution.
C) Hypergeometric distribution.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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