If a Binomial Distribution Applies with a Sample Size of N

question 141

Multiple Choice

If a binomial distribution applies with a sample size of n = 20, find the probability of 5 successes if the probability of a success is 0.40.

• A) 0.1246
• B) 0.1286
• C) 0.0746
• D) 0.0866

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Definitions:

Outsources

Outsourcing involves contracting out certain business processes or tasks to external providers, often to reduce costs and improve efficiency.

Competency

A combination of skills, knowledge, and behavior that contributes to an individual's ability to perform tasks effectively.

Headcount

The total number of individuals employed by an organization, including all full-time and part-time staff.

Head Office

The primary office or headquarters where the key administrative activities of an organization are conducted.