Answered: 6. Write down the formula for the…

6. Write down the formula for the binomial distribution. What do n, x, and n represent in the formula? What does n! mean?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter18: Auctions

Section: Chapter Questions

Problem 18.1IP

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6. Write down the formula for the binomial distribution. What do n, x, and n represent in the
formula? What does n! mean?

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