The Expected Value for a Binomial Probability Distribution Is

question 71

Multiple Choice

The expected value for a binomial probability distribution is

• A)E(x)= np
• B)E(x)= p(1 − p)
• C)E(x)= np(1 − p)
• D)E(x)= np(1 − n)

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Definitions:

Majority Vote

A decision-making rule where the option that receives more than half of the votes is chosen.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by many people simultaneously without depletion.

Pareto Optimal

A scenario in resource distribution where it's impossible to benefit one individual through reallocation without causing harm to another individual.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that no one can be effectively excluded from use and one person's use does not diminish another's.