An experiment is modeled on the binomial distribution if:
1. In each trial of the experiment there are only two possible outcomes: the event A (success) and its opposite .
2.The probability of event A is a constant that does not vary from one test to another. It is denoted by p.
3.The probability of is 1 − p.
4.The outcome obtained in each trial is independent of the previous outcomes.
Random Binomial Variable
The binomial variable is a discreet random variable that can only take the values 0, 1, 2, 3, 4, ..., n assuming that n trials have been conducted.
k = 6, when flipping a coin 10 times and 6 heads are obtained.
The binomial distribution is usually expressed by B(n, p).
n is the number of trials
k is the number of successes.
p is the probability of success.
The latest novel by an author has been very successful to the point that 80% of avid readers have already read it.
1. What is the probability that within a group of four avid readers, exactly two of them have already read the novel?
n = 4
p = 0.8
1 − p = 0.2
2.What about a maximum of two people?
The probability of a defective item produced by a factory is 0.02. If a shipment of 10,000 items are sent to a store, determine the expected number of defective items, the variance and standard deviation for the shipment.