Binomial mathematical properties, Mathematics

Binomial Mathematical Properties

1. The expected or mean value = n × p = np

Whereas; n = Sample Size

p = Probability of success

2. The variance = npq

Whereas; q = probability of failure = 1 - p

3. The standard deviation = √(npq)

Posted Date: 2/20/2013 6:26:28 AM | Location : United States

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