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A CNBC Study in 2017 Determined Only 35% of Adults σ\sigma

Question 13

Multiple Choice

A CNBC study in 2017 determined only 35% of adults have zero to only a couple of hundred dollars in a savings account. With n = 5 and p = 0.35, using the binomial probability distribution, what is the mean and the standard deviation of the population? Hint: σ\sigma = A CNBC study in 2017 determined only 35% of adults have zero to only a couple of hundred dollars in a savings account. With n = 5 and p = 0.35, using the binomial probability distribution, what is the mean and the standard deviation of the population? Hint: \sigma = A) 5 and 1.13 respectively B) 1.75 and 1.0665 respectively C) 2.50 and 1.1705 respectively D) 1.55 and 1.1375 respectively


A) 5 and 1.13 respectively
B) 1.75 and 1.0665 respectively
C) 2.50 and 1.1705 respectively
D) 1.55 and 1.1375 respectively

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