The Standard Deviation of a Binomial Random Variable X Is

question 51

True/False

The standard deviation of a binomial random variable X is given by the formula s ² = np (1 - p ), where n is the number of trials, and p is the probability of success.

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Definitions:

Time

A dimension in which events can be ordered from the past through the present into the future.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, contributing towards covering fixed costs and generating profit.

Financial Break-even

The point at which total revenues equal total costs, resulting in no profit or loss for the business.

Financial Break-even

The point at which total revenues are equal to total operating expenses and financial costs, meaning the company makes no profit but also incurs no loss.