Binomial random variable, Given a binomial random variable

Binomial random variable

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Q1. Calculate the range of marginal revenues on the vertical portion of the MR curves at the level of output where a kink in demand curves takes place. Identify the level of output where there is a kink in the demand curves. Call this portion of demand curves as "reverse L shaped portion" of the kink demand curves.

Q2. Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.

Q3. Describe the economic issues on essay the school chairperson has asked you a co an consultant on health and wellness an informative piece about the organization's programs.

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