SOLUTION: For a binomial experiment with 410 successes out of 850 trials, what is a point estimate for the probability of success p on a single trial?

Question 721276: For a binomial experiment with 410 successes out of 850 trials, what is a point estimate for the probability of success p on a single trial?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
For a binomial experiment with 410 successes out of 850 trials, what is a point estimate for the probability of success p on a single trial?
-----
Since that is the only information you have, the estimate of "p"
is p-hat = (410/850) = 0.4824
====================
Cheers,
Stan H.
RELATED QUESTIONS
The probability of success in one trial of a binomial experiment is p = 0.36 Find the (answered by stanbon)

A binomial experiment with probability of success p=0.73 and n=7 trials is conducted.... (answered by Theo)

calculate the probability of k successes for a binomial experiment consisting of n trials (answered by edjones)

A binomial experiment has 4 trials in which p = 0.4. What is the probability of 3... (answered by stanbon)

Determine the indicated probability for a binomial experiment with the given number of... (answered by Boreal,Edwin McCravy)

In a binomial experiment with three trials, what is the probability of obtaining the... (answered by Fombitz)

For a binomial probability distribution, it is unusual for the number of successes to be... (answered by jim_thompson5910)

A binomial experiment has 4 trials in which p = 0.75. What is the probability of 1... (answered by robertb)

Consider a binomial experiment with 20 trials and probability 0.50 of success on a single (answered by robertb)