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:

Optimal Level

The most efficient, beneficial, or favorable point in a process or activity, often associated with achieving the best outcome or maximum productivity.

Public Good

A good that is non-excludable and non-rivalrous, where one person's enjoyment of the good does not diminish the ability of others to enjoy it, typically provided by the government.

Market Demand Curve

A graphical representation showing the quantity of a good that all consumers in a market are willing to purchase at various prices.

Public Good

A product or service that is made available to all members of a society by the government or a private entity, characterized by non-excludability and non-rivalry in consumption.