Which Excel Function Would Generate a Single Random X Value

question 38

Multiple Choice

Which Excel function would generate a single random X value for a binomial random variable with parameters n = 16 and π = 0.25?

• A)=BINOM.DIST(RAND(),16,0.25,0)
• B)=BINOM.DIST(0,16,0.25,RAND())
• C)=BINOM.INV(16,0.25,RAND())
• D)=BINOM.INV(0,16,0.25,RAND())

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Definitions:

Dumping

The practice of exporting goods at a price lower than the home market price, often considered unfair competition.

Foreign Market

An external market outside the domestic borders where goods, services, and securities are traded or sold.

Cost of Production

The total expense incurred in manufacturing goods or providing services, including raw materials, labor, and overhead costs.

Trade Barriers

Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.