An accountant of an international company is working on a profit-and-loss report for the current fiscal year. The accountant reports that the company incurred a loss in 4 months out of the 12 months in the fiscal year. Let X be the number of months the company is suffering a loss in the next fiscal year. Discuss the adequacy of the model that X follows a binomial distribution with n = 12 and p = 4/12.