The Variance of a Binomial Distribution for Which N =

question 134

Multiple Choice

The variance of a binomial distribution for which n = 100 and p = 0.20 is:

• A)100
• B)80
• C)20
• D)16

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Definitions:

Estimable

Capable of being approximated or determined in value, often referring to an amount or value in accounting.

Contingent Liability

A potential financial obligation that may arise in the future depending on the outcome of a specific event.

Remote

Pertaining to work or activities done away from a central office or location, often implying the use of technology to facilitate communication and task completion.

Estimable

The ability to be estimated or quantified, often used in contexts where financial figures or outcomes need to be projected or approximated.