Find the Mean, µ, for the Binomial Distribution Which Has $\mathrm { n } = 625 ; \mathrm { p } = 0.7$

question 150

Multiple Choice

Find the mean, µ, for the binomial distribution which has the stated values of n and p. Round answer to the nearest tenth.
- $\mathrm { n } = 625 ; \mathrm { p } = 0.7$

• A) \(\mu = 436.0\)
• B) \(\mu = 437.5\)
• C) \(\mu = 438.8\)
• D) \(\mu = 439.2\)

---

Definitions:

GDP Gap

The difference between the actual GDP and the potential GDP of an economy, indicating under-utilization or over-utilization of resources.

Government Bonds

Financial securities issued by a government to finance its budget deficits and various public sector projects.

Discount Rate

The interest rate charged by central banks for short-term loans to commercial banks, influencing monetary policy and economy liquidity.

Required Reserve Ratio

The fraction of deposits that a bank is legally required to hold as reserves, either in its own vaults or with a central bank.