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Author Question: How does a multinomial distribution differ from a binomial distribution? a. A binomial has only two ... (Read 148 times)

savannahhooper

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on: Jun 24, 2018
How does a multinomial distribution differ from a binomial distribution?
 a. A binomial has only two possible categories and a multinomial can have more.
  b. A binomial has a fixed number of n trials. A multinomial has a fixed number of nk trials, where k is the number of categories.
  c. The probabilities in a binomial distribution are always p and 1 - p. The trials in a multinomial distribution are always p/k and (1 - p/k).
  d. All of these choices are true.

Question 2

We can use the payoff table to calculate the expected monetary value (EMV) and the expected opportunity loss (EOL) of each act (alternative).
  Indicate whether the statement is true or false


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cam1229

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

F


savannahhooper

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

lindahyatt42

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Reply 3 on: Yesterday
Excellent

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