A Process Follows the Binomial Distribution with N = 8

question 36

Short Answer

A process follows the binomial distribution with n = 8 and p = .3.Find
a.P(x = 3)
b.P(x > 6)
c.P(x  2)

---

Definitions:

Compensating Balance

A minimum account balance that a borrower is required to maintain with a lender, which can reduce the effective amount of loan available to the borrower.

Cash Balances

The total amount of cash in a company's account at any given time, which can be used for transactions or as a reserve.

Receivables Financing

A form of financing where a company uses its outstanding invoices or receivables as collateral to secure a loan or advance.

Administrative Fee

Charges imposed by investment funds or companies to cover operational and management expenses.