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What is the standard deviation of the binomial distribution

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Reference no: EM132845726

Let's say that 75% of all business startups in the IT industry report that they generate a profit in their first year. A sample of 8 new IT business startups is selected

a) Find the probability that exactly five of them will generate a profit in their first year.

b) Find the probability that none of them will generate a profit in their new first year.

c) Find the probability that at most five of them will generate profit in their new first year.

d) What is the mean of the binomial distribution?

e) What is the standard deviation of the binomial distribution?

Reference no: EM132845726

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