The Variance for the Binomial Probability Distribution Is

question 84

Multiple Choice

The variance for the binomial probability distribution is

• A)var(x) = P(1 - P)
• B)var(x) = nP
• C)var(x) = n(1 - P)
• D)var(x) = nP(1 - P)

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Definitions:

Fixed Costs

Costs that do not vary with the level of output or activity, remaining constant over a period.

Break-Even Point

The sales volume at which net income is zero; the intersection of the total cost and total revenue lines on a break-even chart.

Break-Even Point

The point at which costs or expenses and revenue are equal, resulting in no net loss or gain from a business or investment.

Variable Cost

Variable cost is the cost that changes in direct proportion to the volume of output or activity in production, services, or other cost-incurred activities.