For each of the following uncertain quantities, discuss whether it is reasonable to assume that the probability

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For each of the following uncertain quantities, discuss whether it is reasonable to assume that the probability distribution of the quantity is binomial. If you think it is, what are the parameters n and p? If you think it isn't, explain your reasoning.
a. The number of wins the Boston Red Sox baseball team has next year in its 81 home games.
b. The number of free throws Kobe Bryant misses in his next 250 attempts.
c. The number of free throws it takes Kobe Bryant to achieve 100 successes.
d. The number out of 1000 randomly selected customers in a supermarket who have a bill of at least $150.
e. The number of trading days in a typical year where Microsoft's stock price increases.
f. The number of spades you get in a 13-card hand from a well-shuffled 52-card deck.
g. The number of adjacent 15-minute segments during a typical Friday where at least 10 customers enter a McDonald's restaurant.
h. The number of pages in a 500-page book with at least one misprint on the page.
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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Business Analytics Data Analysis And Decision Making

ISBN: 1209

6th Edition

Authors: S. Christian Albright, Wayne L. Winston

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