A man has a bicycle which is valued st £4,500. The cost of insurance is calculated at £9.50 for every £45. How much would he pay
2 answers:
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Answer:
(B) No. A binomial probability model applies to only two outcomes per trial.
Step-by-step explanation:
The binomial probability is the probability of having sucesses on
repeated trials of an experiment that can only have two outcomes. This is why it is called the binomial probability.
Since in our problem there are three possible outcomes, the binomial probability cannot be used.
The correct answer is (B)
(B) No. A binomial probability model applies to only two outcomes per trial.