The binomial distribution is appropriate to use to find the probability of the elapsed time between successes

a. True
b. False
Indicate whether the statement is true or false

False

Business

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Producing a standardized product in large volumes will:

A. result in diseconomies of scale. B. increase production efficiency. C. increase production costs. D. result in shorter production runs. E. result in a high minimum efficient scale of output.

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