Assume the random variable X has a binomial distribution with the given probability of obtaining a success. Find the following probability, given the number of trials and the probability of obtaining a success. Round your answer to four decimal places. P(X>3), n=4, p=0.8
Please explain how to figure out the P(X>3) thing because that's the part I am struggling really badly on. I have to use excel to calculate my problems. I know it's =BINOM.DIST(?, 4,0.8,TRUE) but the first part of that is stumping me. Can somebody please explain it for me?
For instance, P(X = or > 3) is also confusing on how to choose that answer.
Binom.dist function helps us to calculate the probability value for either X = cases or for X < cases but for X > cases, you need to tweak this formula a little.
Case 1: If in above example, it was x = 3:
Formula: Binom.dist(3, 4, 0.8, False) [Notice the False instead of true, False is used in case if we want the probability only on that specific point and not cumulative probability]
Case - 2: If in the above example, it was x < 3
Formula: Binom.dist(3, 4, 0.8, True)
Case - 3: If in the above example, it was x > 3
Now as per probability rules:
P(X > 3) + P(X < 3) = 1
So,
P(X > 3) = 1 - P(X < 3)
Hence,
Formula for this will be: 1 - Binom.dist(3, 4, 0.8, True)
Assume the random variable X has a binomial distribution with the given probability of obtaining a...
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