SOLUTION: Check if the following random variable is binomial. A radio listener counts the number of songs played on the radio until a Rolling Stones song is played. Assume that the proba

Algebra ->  Finance -> SOLUTION: Check if the following random variable is binomial. A radio listener counts the number of songs played on the radio until a Rolling Stones song is played. Assume that the proba      Log On


   

Question 977754: Check if the following random variable is binomial.
A radio listener counts the number of songs played on the radio until a Rolling Stones song is played. Assume that the probability of a Rolling Stones song to be played is .02 and that the songs are played independently.
Now, give the number corresponding to the following choices:
1: It is binomial.
2: It is not binomial because there is not a fixed number of trials.
3: It is not binomial because there are not two outcomes (success/failure).
4: It is not binomial because the probability is not fixed.
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
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Binomial requires a fixed number of trials.
This problem is better modeled by a Poisson distribution.