Calculating the mean and standard deviation

Reference no: EM131805324

Question: Choose a binomial random quantity that you might deal with in your current or future work as an executive. Estimate (ie, guess) the value of n and π. Compute the mean and standard deviation. Identify two events of interest to you relating to this random variable and compute their probabilities. Briefly discuss what you have learned.

Reference no: EM131805324

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