Solved: Let x be the number of weeks among the next 16 weeks in, Basic Statistics

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Let x be the number of weeks among the next 16 weeks in

The S&P 500 index has a probability 0.56 of increasing in any week. Moreover, the change in the index in any given week is not influenced by whether it rose or fell in earlier weeks. Let X be the number of weeks among the next 16 weeks in which the index rises.

What is the standard deviation of X?

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