In: Statistics and Probability
Find the expected value, μ, and standard deviation, σ, for a binomial random variable with each of the following values of n and p. (Round all answers for σ to four decimal places.)
(a) n = 40, p = 1/2.
μ =
σ =
(b) n = 100, p = 1/4.
μ =
σ =
(c) n = 2500, p = 1/5.
μ =
σ =
(d) n = 1, p = 0.1.
μ =
σ =
(e) n = 30, p = 3/10.
μ =
σ =
Solution :
Given that,
Using binomial distribution,
(a)
Mean = = n * p = 40 * 0.5 = 20
Standard deviation = = n * p * q = 40 * 0.5 * 0.5 = 3.1623
(b)
= 25
= 4.3301
(c)
= 500
= 20
(d)
= 0.1
= 0.3
(e)
= 9
= 2.5100