A binomial random variable X has 6 trials and probability of success 0.3.  Calculate the mean of X to two decimal places.

Question

A binomial random variable X has 6 trials and probability of success 0.3.  Calculate the mean of X to two decimal places.
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Solution 1

The mean (expected value) of a binomial random variable is calculated using the formula:

Mean = n * p

where: n = number of trials p = probability of success on each trial

In this case, n = 6 and p = 0.3.

So, the mean of X is:

Mean = 6 * 0.3 = 1.8

So, to two decimal places, the mean of X is 1.8 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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