The Following Is a Binomial Probability Distribution with N =

question 63

Multiple Choice

The following is a binomial probability distribution with n = 3 and π = 0.20. The mean of the distribution is _______.

• A)1.50
• B)0.60
• C)0.25
• D)0.00

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Definitions:

Scrambled Merchandising

Selling goods and services that may be unrelated to each other and to the firm’s original business.

Corporate Chain

A series of businesses or retail outlets owned and operated by a single company.

Franchise Arrangement

A type of licensing arrangement where a franchisor allows a franchisee to use its business model and brand for a prescribed period.

Stout

A dark, thick beer with a distinctive malt flavor, originally associated with England.