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?
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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?
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Since that is the only information you have, the estimate of "p"
is p-hat = (410/850) = 0.4824
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Cheers,
Stan H.
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