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CIPS L5M2 Exam - Topic 1 Question 8 Discussion

Which of the following statements about binomial distribution are true? Select THREE
A) there are only two outcomes and C) there is only one outcome per event and D) each trial has the same probability
B) they are based on continuous events
E) the events of one trial will impact on the next one

CIPS L5M2 Exam - Topic 1 Question 8 Discussion

Actual exam question for CIPS's L5M2 exam
Question #: 8
Topic #: 1
[All L5M2 Questions]

Which of the following statements about binomial distribution are true? Select THREE

Show Suggested Answer Hide Answer
Suggested Answer: A, C, D

1, 3 and 4 are the correct options. Binomial is based on discreate events not continuous and it assumes the events of each trial are independent of one another. This YouTube video explains it all perfectly using the chance that an ice-cream cone is broken. It's a nice memorable example to help you remember what binomial distribution is and how it works: https://www.youtube.com/watch?v=3EZbX2ftCUk - it's a very memorable example and really helped me. You can also see more info in the cips textbook p.131


by Rodolfo at Dec 29, 2022, 01:07 PM

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Tracey
10 months ago
C seems off... one outcome per event? Really?
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Ludivina
10 months ago
Totally agree with A and D!
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Micaela
10 months ago
Wait, B is wrong, right? Binomial is discrete, not continuous!
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Bonita
11 months ago
D is also correct, same probability for each trial.
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Vicky
11 months ago
A is definitely true! Only two outcomes.
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Tony
11 months ago
I feel like E is wrong since the trials should be independent, but I can't quite recall the details.
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Anthony
11 months ago
I practiced a similar question, and I think D is correct because each trial should have the same probability, right?
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Chanel
11 months ago
I'm not so sure about B; I thought binomial distributions were for discrete events, not continuous ones.
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Lettie
11 months ago
I remember that binomial distribution is all about two outcomes, so I think A is definitely true.
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Graciela
11 months ago
This looks like a pretty straightforward Cisco UCS question. I'm pretty confident I can handle this one.
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Ryan
11 months ago
Okay, I've got this. The critical chain method is all about managing project buffers, so the two things we can compare are the amount of buffer remaining versus the amount of buffer that's actually been used. That will tell us if we need to take any corrective action.
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Jamey
11 months ago
Okay, I think I've got this. The question is asking about a situation where the total value of a company's tangible assets exceeds the overall value of the business. That would indicate the presence of negative goodwill. I'll select option C as my answer.
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