2Let X follows a binomial distribution with mean equals 055
Solution
for binomial, mean = n*p
standard deviation = square root (n*p*(1-p))
so, 0.55 = n*p.
0.7228 = square root of (n*p(1-p)
Substituting 0.55 for n*p into the second equation:
0.7228 = square root of (.55*(1-p)
squaring both sids: (0.7228)^2 = .55(1-p)
Divide both sides by .55: (0.7228)^2/.55 = 1 - p
p = 1 - (.7228)^2/.55 = 0.05
n = .55/.05 = 11
So n = 11 and p = .05
