You Are Performing 4 Independent Bernoulli Trials With $p = 0.3$

question 83

Multiple Choice

You are performing 4 independent Bernoulli trials with $p = 0.3$ and $q = 0.7$ . Calculate the probability of no failures. Round your answer to four decimal places if necessary.

• A)0.2401
• B) 0.0078
• C) 0.0081
• D) 0.0019
• E) 0.1944

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Definitions:

Income Statement

A financial statement that reports a company’s financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.

Unadjusted Trial Balance

A preliminary report that lists all accounts and their balances before any adjustments are made for accruals, deferrals, and errors.

Proper Order

A systematic arrangement or sequence that things follow which conforms to a set of rules or a standard procedure.

Accounts

Records within financial accounting that track financial transactions of a specific type, such as assets, liabilities, equity, expenses, and revenues.