Author Question: How does a multinomial distribution differ from a binomial distribution? a. A binomial has only two ... (Read 119 times)

savannahhooper · **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