In: Statistics and Probability
The Statistical Bulletin published by Metropolitan Life Insurance Co. reported that 2% of all American births result in twins. If a random sample of 8000 births is taken, find the mean, variance, and standard deviation of the number of births that would result in twins
Solution:
μ = 8000 * 0.02 = 160
σ ^2 = 8000 * 0.02 * 0.98 = 156.8
σ = Sqrt(156.8) = 12.5