In: Statistics and Probability
9.) Now, you can also check the calculation you did in #7, by typing the following command: "BINOM.DIST(2,3,.25,1)", which means you want to get two correct (# of successes) out of three items (# of trials), where the probability of getting one item correct is .25 (probability of a success), and we are adding up the probabilities for all values below 2 as well (the cumulative spot is turned on when you type "1").
9. P(X = 0) =BINOM.DIST(0, 3, 0.25, TRUE) = 0.421875
P(X = 1) = BINOM.DIST(1, 3, 0.25, TRUE) = 0.84375
P(X = 2) = BINOM.DIST(2, 3, 0.25, TRUE) = 0.984375
P(X = 3) = BINOM.DIST(3, 3, 0.25, TRUE) = 1
10. The histogram is:
The central limit theorem states that if you have a population with mean μ and standard deviation σ and take sufficiently large random samples from the population with replacement, then the distribution of the sample means will be approximately normally distributed.