If X Is a Binomial Random Variable, Then the Standard

question 36

Multiple Choice

If x is a binomial random variable, then the standard deviation of x is given by

• A) np.
• B) (npq)².
• C) .
• D) npq.

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Definitions:

Without Controls

a situation where no regulations or restrictions are imposed on the functioning of markets or economies.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, aimed at preventing prices from becoming excessively high.

Inefficiency

The state of not achieving maximum productivity or economic benefit, where resources are not used in the most effective way.

Market

Any structured system or venue where parties engage in exchange of goods, services, or information.