the present value that must be invested to get $1,000 after 6 years at the interest rate of 11.5% is $ round up to the nearest c
1 answer:
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Answer: Mean = 5.25
Variance = 1.3125
Standard deviation = 1.456
Step-by-step explanation:
The mean and variance of a binomial distribution with parameters n (number of trials) and p ( the probability of getting success in each trial) is given by :-
Given : The total number of enter a clothing store : n=7
The probability of a customer making a purchase= 0.75
Now,