Question

The formula associated with a binomial model is

What does the "q" in the formula represent?
A. favorable outcomes
B. number of trials
C. probability of success
D. probability of failure

Answer 1

same formula as before, and i get B as an answer, not to sure if thats the right answer

Answer 2

hint:

p+q = 1

Answer 3

yea so it would be B right?

Answer 4

what is p?

Answer 5

p is prob of success, q must be probability of...?

Answer 6

failure! so D!