A Variable X Has a Binomial Distribution with Probability of Success

question 63

Multiple Choice

A variable x has a binomial distribution with probability of success 0.65 for each trial. For a total of 50 trials, what are the mean and the standard deviation of the distribution? ​

• A) ​
• B) ​
• C) ​
• D) ​
• E) ​

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Definitions:

Coverage Amounts

The maximum amount that an insurance policy will pay out for a covered loss or damage.

Defined Benefits

A type of pension plan in which the benefits that an employee will receive at retirement are predefined based on factors such as salary history and tenure.

Inflationary Pressures

Economic conditions that lead to an increase in prices across the board, reducing purchasing power.

Market Returns

The financial gain or loss that an investment or economic activity brings over time, often related to the supply and demand in a marketplace.