If the Probability of a Success on a Single Trial

question 32

Multiple Choice

If the probability of a success on a single trial is .2,what is the probability of obtaining 3 successes in 10 trials if the number of successes is binomial?

• A).0031
• B).5033
• C).1074
• D).2013

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Definitions:

Other Expenses

Costs not directly related to production or operations, such as administrative and marketing expenses.

Containers Refurbished

The process of cleaning, repairing, and restoring used containers to a condition suitable for safe and efficient reuse.

Spending Variance

The difference between the actual amount of money spent and the budgeted or planned amount in a given period.

Budgeting

The process of creating a plan to spend your money, outlining proposed incomes and expenditures for a future period.