A Binomial Distribution Has 100 Trials (N = 100) with a Probability

question 52

Multiple Choice

A binomial distribution has 100 trials (n = 100) with a probability of success of 0.25 ( $\pi$ =0.25) . To apply the normal distribution to approximate the binomial, what are the mean and standard deviation?

• A) µ = 100 and \(\sigma\)= 0.25
• B) µ =25 and \(\sigma\) = 100
• C) µ =25 and \(\sigma\)= 4.33
• D) µ =100 and \(\sigma\) = 2500

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Definitions:

Fixed Costs

Fixed expenses in a business are constant costs that do not fluctuate with changes in production or sales volume, like salaries or rent.

Period Costs

Expenses that are not directly tied to the production of goods and are expensed in the period in which they are incurred.

Conversion Costs

Expenses directly related to the conversion of raw materials into finished goods, including labor and overhead.

Market Prospects

The potential for future sales and profitability in a given market, based on current trends and conditions.