In: Math
Find the mean, variance, and standard deviation of the binomial distribution with the given values of n and p. n=60, p=0.7
The mean, μ, is _______ (Round to the nearest tenth as needed.)
The variance, σ2, is _______ (Round to the nearest tenth as needed.)
The standard deviation, σ, is _______ (Round to the nearest tenth as needed.)
If X follows Binom( n, p ), then the mean of X is given by np and variance is given by npq.
Here we have a Binom( 60 , .7) distribution
Hence,
a)
The mean is np = 60*.7 = 42
b)
Variance is npq = np(1-p) = 60*.7*(1-.7) = 12.6
c)
Standard deviation is the square root of variance and is 3.5