Create your own situation that could be modeled with a binomial probability. make sure that it relates
Question:
Create your own situation that could be modeled with a binomial probability. make sure that it relates to something in the area of psychology! P(X = x | , π) Where: n = number of observations (the sample) π = probability of an event of interest, x = number of events of interest in the sample 1. Define x, n and πin your situation. Select a sample size, n, between 5-20. Select a probability between 0-1 (of course!). Select x that is ≤ n. Use the Excel function binom.dist to calculate the probability or the workbook (Binomial.xlsx) to create a binomial table. Your binomial table needs to have all possible outcomes included (e.g. x = 0, 1, 2, ... , n).
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield