Let X be the number of successes in 4 independent trials of a binomial experiment in which the probability of success is 
. Find 
and 
.
Round your answers to three decimal places, if necessary.
= __________ 
= __________
Definitions:
Marginal Product
The additional output produced by using one more unit of a variable input, holding other inputs constant.
Labor Input
The amount of work or effort provided by employees or workers that is used in the production of goods and services.
Total Product
The total output or production achieved by a firm or economy at a given level of input.
Marginal Product
The additional output produced by adding one more unit of a specific input, keeping all other inputs constant.
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