Please provide steps by step answer with proper explanation with final answer Which of the following is NOT a condition for using the binomial distribution?a) Each trial has only two possible outcomes.b) The probability of success remains constant from trial to trial.c) The trials are independent.d) The sample size is very small.

Let us assess each of the options provided: • Option A is a condition of binomial distribution…

Answered: Which of the following is NOT a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following is NOT a condition for using the binomial distribution? a) Each trial has only two possible outcomes. b) The probability of success remains constant from trial to trial. c) The trials are independent. d) The sample size is very small.