Solve the Problem. -The Probabilities That a Batch of 4 Computers Will Contain

question 66

Multiple Choice

Solve the problem.
-The probabilities that a batch of 4 computers will contain 0, 1, 2, 3, and 4 defective computers are 0.6274, 0.3102, 0.0575, 0.0047, and 0.0001, respectively. Find the standard deviation for the probability distribution.

• A)0.39
• B)0.63
• C)0.76
• D)0.56

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Definitions:

Federal Deficit

The fiscal year difference when the U.S. Government's expenditures exceed its revenues, necessitating borrowing to cover the gap.

Real GDP

The measure of a country's economic output adjusted for inflation, reflecting the true value of goods and services produced.

Loanable Funds

A concept in economics that describes the market where borrowers obtain funds from savers, influenced by interest rates.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of their funds.