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

question 92

Multiple Choice

For a binomial process,the probability of success is 40 percent and the number of trials is 5.Find P(X > 4) .

• A).0102
• B).0778
• C).0870
• D).3370

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash or goods, used in a business by a person, company, or organization to generate wealth through investment or production.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of devices, processes, or systems.

Labour Productivity

An indicator of economic effectiveness that evaluates the quantity of goods and services generated relative to the total hours labor contributes.

Production

The process of creating goods and services through the combination of labor, materials, and machinery.