Given a Binomial Random Variable with N = 15 And \pi

question 113

Short Answer

Given a binomial random variable with n = 15 and $\pi$ = 0.4,find the following probabilities using the binomial table.
a.P(x $\le$ 12)
b.P(x $\ge$ 10)
c.P(x = 8)
d.P(9 $\le$ x < 12)
e.P(6 < x < 10)

---

Definitions:

Counterfeit Beanie Babies

Fake versions of the popular Beanie Babies toys, produced without authorization to imitate the originals.

Craftsmanship

The quality of design and work shown in something made by hand; artistry.

Pricing Constraints

Limitations or restrictions that affect the pricing strategy of a company, including costs, competition, demand, and regulatory requirements.

Demand Factors

Various elements that influence the demand for a product or service, including price, consumer preferences, and economic conditions.