Which of the following are binomial experiments? Explain why. a. Drawing 3 balls with replacement from a

Question:

Which of the following are binomial experiments? Explain why.
a. Drawing 3 balls with replacement from a box that contains 10 balls, 6 of which are red and 4 are blue, and observing the colors of the drawn balls
b. Drawing 3 balls without replacement from a box that contains 10 balls, 6 of which are red and 4 are blue, and observing the colors of the drawn balls
c. Selecting a few households from New York City and observing whether or not they own when it is known that 28% of all households in New York City own Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...