Question

In: Math

Use Excel/Megastat to find the discrete probability and cumulative probability of the Binomial distribution with probability...

Use Excel/Megastat to find the discrete probability and cumulative probability of the Binomial distribution with probability of success p = 0.3 and n = 70.

Find its mean and variance.

Based upon the chart on Excel, what can you conclude about the binomial convergence?

Use binom.dist function on Excel and sketch the curve.

Solutions

Expert Solution

Find its mean and variance.

We are given n = 70, p = 0.3, q = 1 – p = 1 – 0.3 = 0.7

Mean = n*p = 70*0.3 = 21

Variance = n*p*q = 70*0.3*0.7 = 14.7

Based upon the chart on Excel, what can you conclude about the binomial convergence?

Use binom.dist function on Excel and sketch the curve.

Required excel chart and sketch is given as below:

From above sketch it is observed that the binomial distribution is converges to the approximate normal distribution.

Excel chart:

X

P(X)

CDF

0

0.000000

0.000000

1

0.000000

0.000000

2

0.000000

0.000000

3

0.000000

0.000000

4

0.000000

0.000001

5

0.000003

0.000003

6

0.000012

0.000015

7

0.000046

0.000060

8

0.000154

0.000215

9

0.000455

0.000670

10

0.001190

0.001860

11

0.002782

0.004642

12

0.005862

0.010504

13

0.011208

0.021712

14

0.019558

0.041270

15

0.031292

0.072562

16

0.046100

0.118662

17

0.062758

0.181420

18

0.079195

0.260615

19

0.092890

0.353505

20

0.101516

0.455020

21

0.103587

0.558608

22

0.098879

0.657486

23

0.088438

0.745925

24

0.074225

0.820150

25

0.058532

0.878681

26

0.043416

0.922098

27

0.030323

0.952420

28

0.019957

0.972377

29

0.012387

0.984764

30

0.007255

0.992020

31

0.004012

0.996032

32

0.002096

0.998128

33

0.001034

0.999162

34

0.000482

0.999644

35

0.000213

0.999857

36

0.000089

0.999945

37

0.000035

0.999980

38

0.000013

0.999993

39

0.000005

0.999998

40

0.000002

0.999999

41

0.000000

1.000000

42

0.000000

1.000000

43

0.000000

1.000000

44

0.000000

1.000000

45

0.000000

1.000000

46

0.000000

1.000000

47

0.000000

1.000000

48

0.000000

1.000000

49

0.000000

1.000000

50

0.000000

1.000000

51

0.000000

1.000000

52

0.000000

1.000000

53

0.000000

1.000000

54

0.000000

1.000000

55

0.000000

1.000000

56

0.000000

1.000000

57

0.000000

1.000000

58

0.000000

1.000000

59

0.000000

1.000000

60

0.000000

1.000000

61

0.000000

1.000000

62

0.000000

1.000000

63

0.000000

1.000000

64

0.000000

1.000000

65

0.000000

1.000000

66

0.000000

1.000000

67

0.000000

1.000000

68

0.000000

1.000000

69

0.000000

1.000000

70

0.000000

1.000000


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