The Expected Value (Mean) of a Binomial Variable Is 15

question 84

Multiple Choice

The expected value (mean) of a binomial variable is 15. The number of trials is 20. The probability of "success" is:

• A).25
• B).50
• C).75
• D).30

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Definitions:

Weekly Wages

Weekly wages refer to the total amount of money earned by an employee within a week for their labor or services.

Materials

The tangible physical substances used in the production of goods or the execution of services and projects.

Gourmet Cupcake

A high-quality, often artistically decorated cupcake that is made with fine ingredients and presented as a luxury item.

Weekly Wages

The total amount of compensation that an employee receives on a weekly basis, typically as a result of hourly work or a fixed salary.