Provide an Appropriate Response

question 53

Essay

Provide an appropriate response.
-Suppose an event has a 80% chance of success. Show a probability distribution for the number of successes in 8 trials. Find the mean and SD. Create an interval of ±2 SD about the mean. Would exactly 4 successes out of 8 be an unusual occurrence? Justify your answer in terms of the Range Rule of Thumb.

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Definitions:

Cash Dividends

Payments made by a company out of its profits to its shareholders, distributed as a fixed amount per share.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership equity in the company.

Cash Dividend

A financial disbursement by a corporation to its stockholders, often as part of the company's profit sharing.