The Standard Deviation of a Binomial Distribution Is
A) $\sigma$ (X) = P(1 - P)
B)

question 13

Multiple Choice

The standard deviation of a binomial distribution is

• A)\(\sigma\)(x) = P(1 - P)
• B)\(\sigma\)(x) = nP
• C)\(\sigma\)(x) = nP(1 - P)
• D)None of these alternatives is correct.

---

Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Unionized Labor

Workers who are members of a union, which is an organization that negotiates with employers on behalf of its members for wages, hours, benefits, and working conditions.

Above-Equilibrium Wages

Wages that are higher than the market equilibrium, often set above the competitive level to attract or retain employees, possibly leading to reduced labor turnover.

Unionized Workers

Employees who are members of a union, which negotiates on their behalf for wages, benefits, and working conditions.