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The Standard Deviation of a Binomial Random Variable X Is σ\sigma

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The standard deviation of a binomial random variable X is given by the formula σ\sigma 2 = np(1 - p),where n is the number of trials,and p is the probability of success.


Definitions:

Hybridization

The process or result of combining different cultures, ideas, or technologies, leading to new forms or practices.

Local Cultures

The distinctive practices, beliefs, and values of specific geographic communities, reflecting their historical and social contexts.

Global Cultures

Cultures that transcend local boundaries to create shared norms, values, and practices on a global scale.

Financescapes

A term from Arjun Appadurai's framework describing the global cultural flows, particularly the movement of money and financial services across borders.

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