The Mean of a Hypergeometric Random Variable Is Defined as

question 43

Multiple Choice

The mean of a hypergeometric random variable is defined as

• A) n(r/N).
• B) N(r/n).
• C) npq.
• D) np.

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Definitions:

Reserve Requirements

The minimum amount of reserves that banks must hold against deposits, set by central banks to ensure liquidity and control the money supply.

Discount Rate

The discount rate is the interest rate charged to commercial banks and other financial institutions for loans received from the Federal Reserve's discount window.

Prime Rate

The interest rate that commercial banks charge their most credit-worthy customers, frequently used as a benchmark in lending rates.

Commercial Banks

Financial institutions that accept deposits, offer various loans, and provide other financial services to the public.