For a Binomial Distribution,the Mean Is 4

question 46

Multiple Choice

For a binomial distribution,the mean is 4.0 and n = 8. What is π for this distribution?

• A)0.5
• B)1.00
• C)4.0
• D)0.1

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Definitions:

Benefits Segmentation

A market segmentation technique that categorizes consumers based on the specific benefits they seek from products or services, rather than demographic factors.

Psychographics

Used in segmentation; delves into how consumers describe themselves; allows people to describe themselves using those characteristics that help them choose how they occupy their time (behavior) and what underlying psychological reasons determine those choices.

Demographic Changes

Alterations in the statistical characteristics of a population over time, including age, gender, income levels, etc.

Scarce Incomes

The condition where available financial resources are insufficient to meet the needs or wants of individuals or communities.