The prediction interval for Xn+1 will always be longer than the confidence interval for u
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- If a binomial experiment has probability p success, then the probability of failure is ____________________. The probability of getting exactly r successes in n trials of this experiment is C(_________, _________)p (1p)What term is used to express the likelihood of an event occurring? Are there restrictions on its values? If so, what are they? If not, explain.If you played the game in Exercise 1 many times, then you would expect your average payoff per game lo be about $ ____________.