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It has been a bad day for the market with 70 of securities

It has been a bad day for the market, with 70% of securities losing values. you are evaluating a portfolio of 10 securties and will assume binomial distribution for the number of securities losing their value. Find the mean and standard deviation of this distribution?

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Basic Statistics: It has been a bad day for the market with 70 of securities

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Basic Statistics: It has been a bad day for the market with 70 of securities

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