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:

Partial Certainty

This refers to a scenario in business or decision-making where there is some known information, but complete certainty about outcomes is not possible, reflecting a mix of known and unknown variables.

Expected Outcome

The anticipated result of an action, decision, or event, based on current knowledge, probabilities, and reasoning.

Utility

In economics, the satisfaction or benefit derived by consuming a product or service.

Insurance Policy

A contract between an insurer and a policyholder in which the insurer agrees to compensate the policyholder for loss or damage specified in the policy, in exchange for premiums paid by the policyholder.