Compute the Mean and Standard Deviation of a Binomial Random

question 69

Multiple Choice

Compute the Mean and Standard Deviation of a Binomial Random Variable
-The probability that a football game will go into overtime is 14%. In 140 randomly selected football games, what is the mean and the standard deviation of the number that went into overtime

• A) mean: 19.6; standard deviation: 4.10560592
• B) mean: 19.6; standard deviation: 4.42718872
• C) mean: 18.2; standard deviation: 4.10560592
• D) mean: 18.2; standard deviation: 4.42718872

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Definitions:

Direct Materials

The raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the production cost.

Direct Labor

The wages or salaries paid to employees who are directly involved in producing goods or providing services.

Factory Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor, such as utilities, rent, and salaries for managers.

Direct Labor

The labor costs directly traceable to the production of goods, including wages of workers on the production line.