If N = 10 And $\pi = 0.70$ , Then the Standard Deviation of the Binomial Distribution Is

question 95

Multiple Choice

If n = 10 and $\pi = 0.70$ , then the standard deviation of the binomial distribution is

• A)0.07
• B)1.45
• C)7.00
• D)14.29

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Definitions:

Prime Costs

The combined costs of direct materials and direct labor that are directly attributable to the manufacturing process.

Direct Materials

Materials that are directly consumed in the production of a product and are easily traceable to it.

Cost of Goods Sold

The immediate expenses related to the creation of products sold by a business, which include costs for materials and labor.

Merchandising Firm

A business that purchases goods and resells them at a profit without changing their basic form.