The distribution of the binomial random variable (X) has the following parameters; p = 0.3 and n = 9. Determine the expected value (rounded off to zero decimals). OA. 2 B. 3 C. 10 D. 9

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The distribution of the binomial random variable (X) has the following parameters; p = 0.3
and n = 9. Determine the expected value (rounded off to zero decimals).
A. 2
B. 3
OC. 10
O
D. 9
Transcribed Image Text:The distribution of the binomial random variable (X) has the following parameters; p = 0.3 and n = 9. Determine the expected value (rounded off to zero decimals). A. 2 B. 3 OC. 10 O D. 9
In the first quarter of 2019, the average home loan for first time buyers was R950, 000.
Assuming a normal distribution and a standard deviation of R70, 000. What first time buyer
home loan amount would have been exceeded by only 5% of the mortgage customers
(rounded off to zero decimals)?
A. R1,065, 150
B. R992, 250
C. R1,200,000
O D. R1,000,000
Transcribed Image Text:In the first quarter of 2019, the average home loan for first time buyers was R950, 000. Assuming a normal distribution and a standard deviation of R70, 000. What first time buyer home loan amount would have been exceeded by only 5% of the mortgage customers (rounded off to zero decimals)? A. R1,065, 150 B. R992, 250 C. R1,200,000 O D. R1,000,000
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