The Expected Value,E(X),of a Binomial Probability Distribution with N Trials

question 101

Multiple Choice

The expected value,E(X) ,of a binomial probability distribution with n trials and probability p of success is:

• A)n + p
• B)np(1 − p)
• C)np
• D)n + p − 1

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Definitions:

Rights and Duties

The legal entitlements and obligations that are held by individuals and entities under the law.

Debtor

An individual or entity that owes money to another; the borrower in a financial transaction.

Liable

Legally responsible or obligated to something, especially to make restitution or compensation.

Secured Party

An individual or organization holding an interest in a debtor's property as collateral for a loan.