Which of the following best describes a binomial probability distribution?
a. It is a probability distribution that shows the probabilities associated with possible values of a discrete random variable that are generated by a binomial experiment.
b. It is a probability distribution that shows, for each of a random variable's possible values, the probability of the variable being less than or equal to that value.
c. It is a probability distribution that shows the probabilities associated with possible values of a discrete random variable when these values are generated by sampling without replacement and the probability of success, therefore, changes from one trial to the next.
d. It is a probability distribution that shows the probabilities associated with possible values of a discrete random variable when these values equal the number of occurrences of a specified event within a specified time or space.
e. It is a probability distribution that shows, for each of a random variable's possible values, the probability of the variable is positive.
Question 2
The linear correlation coefficient is used to measure the strength of the linear relationship between two variables.
Indicate whether the statement is true or false
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Construct a Lorenz curve that shows income distribution in this society.