In a binomial setting with X being the number of times that a fair coin shows heads in 3 flips, we have:
n = 3 (number of independent trials)
p = 0.5 (probability of success in a single trial, since the coin is fair)
The mean of X is given by:
μx = n * p
μx = 3 * 0.5
μx = 1.5
The standard deviation of X is given by:
σx = sqrt(n * p * (1 - p))
σx = sqrt(3 * 0.5 * (1 - 0.5))
σx = sqrt(0.75)
σx = 0.866 (rounded to three decimal places)
Therefore, the values are:
n = 3
p = 0.5
μx = 1.5
σx = 0.866