Suppose That a Judge's Decisions Follow a Binomial Distribution and That

question 135

True/False

Suppose that a judge's decisions follow a binomial distribution and that his verdict is incorrect 10% of the time.In his next 10 decisions,the probability that he makes fewer than 2 incorrect verdicts is 0.736.

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Definitions:

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.

Variable Costs

Costs that vary directly with the level of production or output, in contrast to fixed costs, which remain constant regardless of the level of activity.

Nationwide

Pertaining to or covering the whole country, often used in the context of businesses or services that operate across an entire nation.

Location Best

Refers to the optimum geographical position for a business or facility, taking into account factors like cost, accessibility, and proximity to markets or resources.