The Mean of the Binomial Distribution Is Equal To

question 69

Multiple Choice

The mean of the binomial distribution is equal to:

• A)p
• B)np
• C)p^x (1-p)^n-x
• D)(n)(p)(1-p)

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Definitions:

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Government Expenditure

Government Expenditure includes all government consumption, investment, and transfer payments, such as spending on infrastructure, welfare programs, and public services.

Output

The total amount of goods and services produced by an economy, company, or sector.

Short-Run Aggregate Supply

The total supply of goods and services that firms in an economy want to sell at a given price level in the short term.