For a binomial process, the probability of success is 40 percent and the number of trials is 5. Find the variance.
1 answer:
Answer:
1.2
Step-by-step explanation:
The variance of a binomial distribution is:
σ² = n p (1 − p)
where n is the number of trials and p is the probability of success.
Given n = 5 and p = 0.40:
σ² = 5 (0.40) (1 − 0.40)
σ² = 1.2
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