Which of the Following Statements Is True

question 35

Multiple Choice

Which of the following statements is true?

• A) A binomial distribution with n = 20 and p = 0.05 will be right-skewed.
• B) A binomial distribution with n = 6 and p = 0.50 will be symmetric.
• C) A binomial distribution with n = 20 and p = 0.05 has an expected value equal to 1.
• D) A, B, and C are all true.

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Definitions:

MC

In economics, refers to marginal cost, which is the increase in total cost that arises from producing an additional unit of output.

Marginal Cost

The expense incurred from the production of an extra single unit of a product or service.

Total Cost

The complete cost of production that involves both fixed and variable costs to produce a given level of output.

Cherry Orchard

A cultivated area where cherry trees are grown for fruit production.