We have seen that, for a binomial distribution with n trials, each with probability of success P,
Question:
μX = E[X] = nP
Verify this result for the data of Example 4.7 by calculating the mean directly from
μX = ΣxP(x)
showing that for the binomial distribution, the two formulas produce the same answer. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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