If X Has a Binomial Distribution with N = 5

question 122

Short Answer

If X has a binomial distribution with n = 5 and p = 0.1,then P(X = 2)= _____.

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Definitions:

Unamortized Discount

The portion of a bond's issuance discount that has not yet been amortized or written off over the life of the bond.

Bond Issue

The process by which a government or corporation raises funds by issuing bonds to investors, which are debt securities establishing an obligation to pay back the principal along with interest by a specified date.

Semiannual Interest

Semiannual Interest refers to interest that is calculated and paid twice a year, commonly found in bonds and other types of loans.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not coincide with the calendar year.