For a Binomial Process,the Probability of Success Is 40 Percent

question 84

Multiple Choice

For a binomial process,the probability of success is 40 percent and the number of trials is 5.Find P(X ≤ 1) .

• A).0870
• B).2592
• C).0778
• D).3370

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Definitions:

Allowance

An amount set aside as a reduction or probable future expenses or losses, such as an allowance for doubtful accounts.

Equipment

Tangible assets used in the operation of a business, such as machinery, tools, and vehicles, not intended for sale.

Partnership

A legitimate business partnership that involves several people who collaboratively oversee the operation and profit sharing.

Liquidation

The process of closing a business and distributing its assets to claimants, typically when the company is insolvent.