Determine the Binomial Probability Formula Given the Number of Trials $$\mathrm { n } = 4 , \mathrm { p } = \frac { 1 } { 4 } , \mathrm { P } ( \mathrm { X } = 3 )$$

question 128

Multiple Choice

Determine the binomial probability formula given the number of trials and the success probability for Bernoulli trials.Let X denote the total number of successes. Round to three decimal places.
- $$\mathrm { n } = 4 , \mathrm { p } = \frac { 1 } { 4 } , \mathrm { P } ( \mathrm { X } = 3 )$$

• A)\(0.070\)
• B) \(0.047\)
• C) \(0.061\)
• D) \(0.016\)

Understand the applications and importance of expert systems in managerial decision making.

Differentiate between various types of problems and decisions, including structured, unstructured, crisis, performance opportunities, and deficiencies.

Comprehend the decision-making process, including problem identification, alternative solution generation, and solution evaluation.

Acknowledge the challenges and environments in decision making, such as certainty, risk, and uncertainty.

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