In: Statistics and Probability
Assume a binomial probability distribution with n=45n=45 and π=0.30π=0.30 . Compute the following: (Round all your z values to 2 decimal places.)
The mean and standard deviation of the random variable. (Round your "σ" to 4 decimal places and mean to 1 decimal place.)
The probability that X is 16 or more. (Use the rounded values found above. Round your answer to 4 decimal places.)
The probability that X is 10 or less. (Use the rounded values found above. Round your answer to 4 decimal places.)
Solution:
Given: X follows a binomial probability distribution with n=45 and π=0.30
Part a) Compute the mean and standard deviation of the random variable
Mean is:
Standard Deviation is:
Part b) Find the probability that X is 16 or more
Since sample size n is large , we will use Normal approximation to Binomial to find above probability and hence we need to use continuity correction.
That is we add or subtract 0.5 in x value
Here we have subtract 0.5 from 16, so that 16 will not exclude from the range of x values.
Thus we get:
Find z score for x = 15.5
Thus we get:
Look in z table for z = 0.6 and 0.05 and find area.
Thus from z table we get:
P( Z< 0.65) = 0.7422
Thus
Part c) Find the probability that X is 10 or less
That is:
( We add 0.5 , since X is less than or equal to 10, so as to include 10 in the range, we need to add 0.5 )
Find z score for x= 10.5
Look in z table for z = -0.9 and 0.08 and find area.
Thus from z table we get:
P( Z < -0.98) =0.1635
Thus