In which of these examples, binomial distribution can be used? a) finding the best month to launch a new product b) accurately predicting who will be promoted at work c) predicting the score of a cricket match d) probability of getting a certain number of questions correct in an exam

The answer is (d) Accurately predicting who will be promoted at work.

Step-by-step explanation:  We are given four options and asked in which of these four, we can use binomial distribution.

Binomial distribution is used in that experiments where there are only two outcomes, either success or failure.

In the given four options, (a), (c) and (d) are incorrect, because the number of outcomes are not fixed there and hence we cannot use binomial distribution.

Only option (b) will serve our purpose, as we are accurately predicting who is getting promoted at work.

Thus, the correct option is (b).

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.