Lindsey invested $3,250 in a cd that paid compound interest at a rate of 6.5% per year
1 answer:
You might be interested in
Using the binomial distribution, it is found that the mean and the standard deviation of variable x are given as follows:
It is the probability of exactly <u>x successes on n repeated trials, with p probability</u> of a success on each trial.
The expected value of the binomial distribution is:
E(X) = np
The standard deviation of the binomial distribution is:
In this problem, we have that the parameters are given as follows:
n = 4, p = 0.75.
Hence the mean and the standard deviation are given as follows:
- E(X) = np = 4 x 0.75 = 3.
More can be learned about the binomial distribution at brainly.com/question/24863377
#SPJ1