Examlex

Solved

Find the Mean of the Binomial Random Variable

question 47

Multiple Choice

Find the mean of the binomial random variable. Round to two decimal places when necessary.
-A die is rolled 4 times and the number of times that two shows on the upper face is counted. If this experiment is repeated many times, find the mean for the random variable X, the number of twos.


Definitions:

Profitable Stores

Stores that generate more revenue than the expenses incurred, resulting in a net financial gain.

Marketing Manager

A professional responsible for developing and implementing strategies to promote a product or service, increasing its market share and customer engagement.

Unbiased Information

Information that is not influenced by personal feelings or opinions, providing a fair and objective perspective.

Price Reduction

A decrease in the cost at which goods or services are sold, often implemented to boost sales or clear out inventory.

Related Questions