The Expected Value,E(X),of a Binomial Probability Distribution with N Trials

question 203

Multiple Choice

The expected value,E(X) ,of a binomial probability distribution with n trials and probability p of success is:

• A) n + p
• B) np(1 -p)
• C) np
• D) n + p - 1

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Definitions:

Confidence

The feeling or belief that one can rely on something or someone; self-assurance.

McGregor's Theory

Refers to Douglas McGregor's Theory X and Theory Y, which describe different assumptions managers might hold about employees' motivation and work ethic.

Ambition

The strong desire to achieve something, typically requiring determination and hard work.

Theory X

A management theory which assumes that employees are naturally unmotivated and need strict supervision and control to be productive.