Given a Binomial Distribution with N = 8 and P

question 85

Multiple Choice

Given a binomial distribution with n = 8 and p = 0.40, obtain the standard deviation.

• A) 1.921
• B) 1.386
• C) 1.848
• D) 1.465

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Definitions:

Luck

An unpredictable and uncontrollable force that causes an event to occur in a beneficial or harmful way without being part of a deliberate intention.

Poverty Rate

The proportion of the population living below the poverty line, indicating the level of economic deprivation in a society.

Income Share

The distribution of total income among different groups or individuals, often used to analyze economic inequality.

Quintile

A statistical value that represents 20% of a given population or dataset, dividing it into five equal parts.