True or false 1) A survey of women owned business found that approximately 30% o

Question

True or false

1) A survey of women owned business found that approximately 30% of all small businesses are owned by nonHispanic white women. In a sample of 250 nonHispanic businesses owned by whites, the average number of businesses owned by female would be 75.

2) The binomial distribution is used to calculate the probability of x number of successes out of n trials whereas; the Poisson distribution is used to calculate the probability of x number of occurrences out of n trials.

3)The parameters of Binomial distribution are the number of trials (n) and the probability of success (p) whereas; the parameter of Poisson distribution is the mean number of occurrence (u).

Explanation / Answer

1, True. since 30% of 250 is 75.

2, False, since the number of trials for poisson distribution are infinite.

3,TRUE.

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