Let X Be a Binomial Random Variable with N =

question 255

Essay

Let X be a binomial random variable with n = 25 and p = 0.01.
a.Use the binomial table to find P(X = 0),P(X = 1),and P(X = 2).
b.Find the variance and standard deviation of X.

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Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 indicates certainty.

First Serves

In tennis, the initial serve in a point, which, if not successful, is followed by a second serve.

Independent Events

Events whose outcomes do not affect each other, implying that the occurrence of one does not change the probability of the other.

Presale Testing

A form of market research conducted before launching a new product to evaluate consumer interest and potential issues.