Find the Variance for the Values of N and P

question 30

Multiple Choice

Find the variance for the values of n and p when the conditions for the binomial distribution are met.
N = 500, p = 0.75

• A) 93.75
• B) 375
• C) 9.7
• D) 125

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Definitions:

Consumer Surplus

The divergence between the total price consumers are willing and able to contribute towards a good or service and the total price they actually contribute.

Japanese Government

The national government of Japan, characterized by a constitutional monarchy and a parliamentary government.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the amount they actually receive.

Tariff

A tax imposed by a government on goods and services imported from other countries to protect domestic industries.