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)= _____.

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Definitions:

Strike Value

The predetermined price at which the holder of an option can buy (call option) or sell (put option) the underlying asset.

Market Value

The present cost at which a service or asset is available for purchase or sale in a free market.

Volatility Value

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify risk.

Time Value

The idea that money in hand today is valued higher than an identical sum in the future because of its ability to generate earnings.