Suppose that we did not know the probability of success but knew the sample size was 93 and that the mean of the binomial random variable = 41.38. What is p, the probability of success? Round to two decimal places.
Suppose that we did not know the probability of success but knew the sample size was 93 and that the mean of the binomial random variable = 41.38. What is p, the probability of success? Round to two decimal places.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Suppose that we did not know the probability of success but knew the sample size was 93 and that the mean of the binomial random variable = 41.38. What is p, the probability of success? Round to two decimal places.
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