Determine if the following probability experiment represents a binomial experiment. If not, explain why. If the probability experiment is a binomial experiment, state the number of trials, n, and probability of success, p.
An investor randomly purchases
44
stocks listed on a stock exchange. Historically, the probability that a stock listed on this exchange will increase in value over the course of a year is
4646%.
The number of stocks that increase in value is recorded.
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Part 1
Select the correct choice below and, if necessary, fill in the answer boxes to complete your answer.
A.
Yes, because the experiment satisfies all the criteria for a binomial experiment,
nequals=enter your response here
and
pequals=enter your response here.
(Type integers or decimals. Do not round.)
B.
No, because there are more than two mutually exclusive outcomes for each trial.
C.
No, because the experiment is not performed a fixed number of times.
D.
No, because the trials of the experiment are not independent because the probability of success differs from trial to trial.