# SOLUTION: We have a binomial experiment with p=.3 and n=2. 1)Set up the probability distribution by showing all x values and their associated probabilities. 2)Compute the mean, variance, a

Algebra ->  Algebra  -> Probability-and-statistics -> SOLUTION: We have a binomial experiment with p=.3 and n=2. 1)Set up the probability distribution by showing all x values and their associated probabilities. 2)Compute the mean, variance, a      Log On

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 Click here to see ALL problems on Probability-and-statistics Question 243224: We have a binomial experiment with p=.3 and n=2. 1)Set up the probability distribution by showing all x values and their associated probabilities. 2)Compute the mean, variance, and standard deviation.Answer by stanbon(57246)   (Show Source): You can put this solution on YOUR website!We have a binomial experiment with p=.3 and n=2. 1)Set up the probability distribution by showing all x values and their associated probabilities. x::::P(x) 0::::2C0(0.3)^0(0.7)^2 = 0.7^2 = 0.49 1::::2C1(0.3)^1(0.7)^1 = 2*0.21= 0.42 2::::2C2(0.3)^2(0.7)^0 = 0.3^2 = 0.09 --------------------------------------------- 2)Compute the mean, variance, and standard deviation. mean = np = 2*0.3 = 0.6 variance = npq = 0.6*0.7 = 0.42 std = sqrt(npq) = sqrt(0.42) = 0.6481 ==================== Cheers, Stan H.