In an AARP Bulletin survey, 1019 different adults were randomly selected without replacement. Respondents were asked if

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In an AARP Bulletin survey, 1019 different adults were randomly selected without replacement. Respondents were asked if they have one or more credit cards, and responses were recorded as "yes" and "no."
Determine whether the given procedure results in a binomial distribution (or a distribution that can be treated as binomial). For those that are not binomial, identify at least one requirement that is not satisfied.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Mathematical Interest Theory

ISBN: 9781470465681

3rd Edition

Authors: Leslie Jane, James Daniel, Federer Vaaler

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