The Mean and Standard Deviation for the Binomial Distribution
You can calculate the mean for a binomial probability distribution by using the following equation:
n = the number of trials
p = the probability of a success
For Kaylee’s example, the mean of the distribution is as follows:
µ = np = (5)(0.3) = 1.5 papers
In other words, Kaylee brings back, on average, 1.5 papers every 5 days.
You can calculate the standard deviation for a binomial probability distribution using the following equation:
q = the probability ...