A Random Variable Is Binomially Distributed with N = 16

question 70

Multiple Choice

A random variable is binomially distributed with n = 16 and π = .40. The expected value and standard deviation of the variables are:

• A)2.00 and 1.24
• B)4.80 and 4.00
• C)6.40 and 1.96
• D)2.00 and 1.20

---

Definitions:

Group Scheme

A structured plan or arrangement often related to insurance or benefits, which is made available to a group of people such as employees or organization members.

Equity

Represents the ownership value in an asset or business, generally calculated as the difference between assets and liabilities.

Competitiveness

The ability of a company, country, or product to compete effectively and successfully in the marketplace.

Residual Income

The income that remains after all required costs of capital and operating expenses have been paid.