I need an explanation for this Management question to help me study.
A binomial random variable X is defined as the number of successes achieved in the n trials of a Bernoulli process. Describe an event in your life that fits the properties of a Bernoulli process, being sure to explain how each property is met by your event. Finally, state the number of trials and the number of successes for your event. Be specific.
Draw upon lecture material and required readings as you construct your post. Ensure that your post is well-written and formatted according to the CSU Global Guide to Writing & APA. Your initial post must be supported by at least one credible, scholarly source (Links to an external site.)
Requirements for Discussion Boards
- Utilize and interface with the required readings to analyze and engage the discussion board questions.
- Your initial post should be roughly 200 words (plus or minus 10%). Each subsequent post should be 100 words (plus or minus 10%).
- Include a scholarly source that is not part of the required or recommended readings for this course. The CSU Global Library (Links to an external site.) is a good place to find these sources.
- Format your discussion, including all in-text citations and references, according to theCSU Global Guide to Writing & APA (Links to an external site.).
- Each discussion board post should cite and engage course content and/or scholarly sources.
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