For
Q31, we can see the SD is root 22.280, but where is 22.280 come
from?
In normal approximation,
mean = n*p
Variance = n*p*q
Std deviation = sqrt(n*p*q)
Where n = 1000, p = P(z<1) = 0.0228 , q = 1- p = 0.9772
Substituting the values of n, p, q
Mean = 1000*0.0228= 22.8,
Variance = 1000* 0.0228*0.9772 = 22.28
Std deviation = sqrt(1000*0.0228*0.9772) = sqrt(22.28) = 4.72
This is how you will get the standard deviation.
For Q31, we can see the SD is root 22.280, but where is 22.280 come from?...
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