An investor randomly purchases 17 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 47%.the number of stocks that increase in value is recorded.
does the probability experiment represent a biniomial experiment?
a. no, because there are more than two mutually exclusive outcomes for each trial.
b. no, because the trials of the experiment are not independent.
c. yes, because the experiment satisfies all the criteria for a binomial experiment.
d. no, because the probability of success differs from trial to trial.