Find the Standard Deviation, ?, for the Binomial Distribution Which $\mathrm { n } = 693 ; \mathrm { p } = 0.7$

question 30

Multiple Choice

Find the standard deviation, ?, for the binomial distribution which has the stated values of n and p. Round your answer to the nearest hundredth.
- $\mathrm { n } = 693 ; \mathrm { p } = 0.7$

• A) \(\sigma = 16.18\)
• B) \(\sigma = 9.65\)
• C) \(\sigma = 12.06\)
• D) \(\sigma = 15.33\)

---

Definitions:

Bond Interest

The periodic payment made to bondholders as a return on their investment, typically expressed as a percentage of the bond's face value.

Maturity

The date on which a financial obligation must be repaid or a financial instrument, such as a bond, reaches its final due date and the principal is returned to investors.

Principal Payment

The portion of a loan payment that goes towards paying down the original amount borrowed, as opposed to interest.

Installment Note

A debt instrument that requires a series of payments over time, including interest and principal.