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Find the Standard Deviation σ\sigma , for the Binomial Distribution Which Has

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Find the standard deviation, σ\sigma , for the binomial distribution which has n=48n = 48 and p=3/5p = 3 / 5 . Round your answer to the nearest hundredth.

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Definitions:

Business-Specific

Business-specific refers to elements, strategies, or characteristics that are unique or pertinent to a particular company or industry.

Market Components

The different elements that make up a financial market, including stocks, bonds, currencies, commodities, and derivatives.

Expected Returns

The anticipated return on an investment, estimating the average of probability-weighted returns for a given asset.

Probability Distribution

A probability distribution is a mathematical function that provides the probabilities of occurrence of different possible outcomes in an experiment.

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