If X Is a Binomial Random Variable with N=8 and P=0.6

question 8

Multiple Choice

If x is a binomial random variable with n=8 and p=0.6, the mean value of x is ___.

• A)6
• B)4.8
• C)3.2
• D)8
• E)48

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Definitions:

Vouchers

Documents serving as evidence for transactions, such as payments or receipts, and authorize the related accounting entries.

Currency

Currency is a system of money in general use in a particular country, facilitating the buying and selling of goods and services.

Cash Shortage

A Cash Shortage occurs when the actual cash on hand is less than the expected amount, often due to errors or theft.

Petty Cash Account

A small amount of cash kept on hand for making minor business expenses, managed through a system of vouchers for tracking.