If X Is a Binomial Random Variable with N=10 and P=0.8

question 46

Multiple Choice

If x is a binomial random variable with n=10 and p=0.8, the mean value of x is _____.

• A)6
• B)4.8
• C)3.2
• D)8
• E)48

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Definitions:

Break-Even

The point at which total costs equal total revenue, indicating that a business is neither making a profit nor a loss.

Monthly

Monthly pertains to something occurring or being done every month or once a month.

Dollar Sales

The total revenue generated from the sale of goods or services, calculated in dollar terms.

Break-Even

A financial situation in a business where the income equals the costs, leading to neither profit nor loss.