If X Is a Binomial Random Variable with N=10 and P=0.8

question 96

Multiple Choice

If x is a binomial random variable with n=10 and p=0.8, what is the probability that x is equal to 4?

• A).0055
• B).0063
• C).124
• D).232
• E).994

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Definitions:

High-involvement Purchases

Purchases that require significant thought and research from the consumer due to their complexity or high cost.

Greater Risk

Increased chance of encountering a negative event, loss, or threat, often considered in decision-making processes.

Forethought

The thoughtful consideration and planning of actions in advance, often to achieve a desired outcome or avoid negative consequences.

Original Equipment Manufacturer

An entity that produces parts and equipment that may be marketed by another manufacturer.