If π = 1/5 and N = 100, the Standard

question 121

Short Answer

If π = 1/5 and n = 100, the standard deviation of this binomial distribution is _____.

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Definitions:

Farmers

Individuals engaged in agriculture, raising living organisms for food or raw materials, often on a farm or rural setting.

Percent

A unit of measure used to express a proportion or a fraction of a whole, represented as a part of one hundred.

Price Support Program

Government interventions to stabilize or increase market prices of commodities, usually through direct payments, purchases, or loans to producers.

Wheat Price

The cost at which wheat is bought or sold in the market, which can be influenced by factors such as weather conditions, supply and demand, and global economic trends.