Answered: Find the mean, variance, and standard…

Find the mean, variance, and standard deviation of the binomial distribution with the given values of n and p. n= 124, p = 0.56

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 29Q: What are the four variances in the four-variance method and what does each measure? (appendix)

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Question

Find the mean, variance, and standard deviation of the binomial distribution with the given values of n and p.

n= 124, p = 0.56

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