For each of the following situations, explain whether the binomial distribution applies for x. a. You are bidding on four items available on an online shopping site. You think that you will win the first bid with a probability of 25% and the second through fourth bids with probability 30%. Let x denote the number of winning bids of the four items you bid on. b. You are bidding on four items available on an online shopping site. Each bid is for $70, and you think there is a 25% chance of winning a bid, with bids being independent events. Let x be the total amount of money you pay for your winning bids.
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