Suppose X Is Binomially Distributed with N = 12 and π

question 119

Multiple Choice

Suppose X is binomially distributed with n = 12 and π = .20. The probability that X will be less than or equal to 3 is:

• A).5584
• B).7946
• C).2362
• D).7638

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for, represented as an asset on the company's balance sheet.

Return on Equity

A financial ratio indicating the profitability of a company relative to shareholders' equity, showing how much profit is generated with the money shareholders have invested.

Du Pont Identity

This financial analysis formula breaks down the return on equity into three parts: operating efficiency, asset use efficiency, and financial leverage.

Total Equity

The value of the owners' interest in a company, calculated as the company's total assets minus its total liabilities.