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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Consider a random sample of size n =1800 from a binomial probability distribution with P = 0.40,and X = number of successes.
-Find the mean and standard deviation of the number of successes.
Parameter
A numerical characteristic that describes a statistical population, such as a mean or standard deviation.
Statistic
A single measure, calculated from a sample, used to estimate the value of a population parameter.
Population
The entire group of individuals or instances about whom the study is concerned or from which a statistical sample is drawn for analysis.
Sample
A subset of a population used in statistical analysis to estimate characteristics or outcomes of the entire population.
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