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If  Remains Constant in a Binomial Distribution, an Increase

question 158

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If  remains constant in a binomial distribution, an increase in n will increase the variance.


Definitions:

Economic Profit

The disparity between total income and total outlays, considering both manifest and concealed costs.

(P - ATC)q

The formula representing profit in economic terms, where P stands for price, ATC for average total cost, and q for quantity produced or sold.

Total Revenue

The total receipts from sales of a firm's goods or services.

Marginal Revenue

The additional income generated from the sale of one more unit of a good or service.

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