If X Is a Binomial Random Variable Where N =

question 106

Multiple Choice

If x is a binomial random variable where n = 100 and p = .1,find the probability that x is less than or equal to 10,using the normal approximation to the binomial.

• A).9544
• B).0446
• C).5675
• D).4325

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Definitions:

Merged Firm

A company that results from the combination or amalgamation of two or more companies, integrating their operations, resources, and strategies.

Incremental Value

Incremental value is the additional value generated by a business from undertaking a specific project or action, compared to not doing it.

Outstanding Stock

Another term for outstanding shares; represents the total shares held by all shareholders, including shares held by institutional investors and company officials.