If X Has a Binomial Distribution with N = 4

question 56

Short Answer

If X has a binomial distribution with n = 4 and p = 0.3,then P(X = 1)= _____.

---

Definitions:

Buy Bonds

A strategy or action where investors purchase bond securities, typically as a means of diversifying a portfolio or securing fixed income returns.

Buy Stocks

The action of purchasing shares of a company with the expectation that their value will increase over time.

Mutual Fund Investors

Individuals or institutions that invest in a mutual fund, pooling money together to be managed by professional fund managers.

Technical Traders

Investors who use technical analysis and historical price activity and volumes of the markets to predict future price movements.