140k views
2 votes
The expected value of a random variable is 30 and its variance is 20 . The random variable has a binomial distribution. What is the probability of a success outcome?

1 Answer

1 vote

Final answer:

The probability of a success outcome for a binomial random variable can be calculated using the formula P(x) = nCx * p^x * q^(n-x), where n is the number of trials, p is the probability of success, q is the probability of failure, and x is the number of successful outcomes.

Step-by-step explanation:

The probability of a success outcome for a binomial random variable can be calculated using the formula P(x) = nCx * p^x * q^(n-x), where n is the number of trials, p is the probability of success, q is the probability of failure, and x is the number of successful outcomes. In this case, the expected value (mean) is given as 30 and the variance as 20. To find the probability of a success, we can use the formula for the expected value: 30 = np. Therefore, n * p = 30. Since we are interested in finding the probability of a success, we can rewrite the equation as p = 30 / n. Substituting the variance (20) into the formula for variance, we get: 20 = npq. Since we know that p = 30 / n, we can substitute this into the equation and solve for q as q = (20 - 30^2 / n) / n. Now we have both p and q, and we can calculate the probability of a success outcome.

User Shafayat Alam
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories