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Earn +20 ptsQ: The variance for the binomial probability distribution is?
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The mean of a binomial probability distribution can be determined by multiplying?
The mean of a binomial probability distribution can be determined by multiplying the sample size times the probability of success.
What is the binomial probability if the mean value is 3 and the variance is 1.2?
It is 0.6
In a normal distribution with mean 80 and variance 144 squared what is the probability above 100?
The probability is 0.4448, approx.
What shape would the probability distribution have for completely uncertain returns?
the variance is infinitely large and in the extreme case the probability distribution curve will simply be a horizontal line
What is the difference between poisson and binomial distribution?
Poisson and Binomial both the distribution are used for defining discrete events.You can tell that Poisson distribution is a subset of Binomial distribution. Binomial is the most preliminary distribution to encounter probability and statistical problems. On the other hand when any event occurs with a fixed time interval and having a fixed average rate then it is Poisson distribution.
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