Question

Statistical Literacy For a binomial experiment with rr successes out of nn trials, what value do we use as a point estimate for the probability of success pp on a single trial? Select one: a. p hat = n-r b. p hat = n+r c. p hat = n/r d. p hat = r/n

Answer 1

For a binomial experiment with r successes out of n trials, the value we use as a point estimate for the probability of success p on a single trial is given by

`\hat{p}= (r)/(n)`