10. A binomial distribution describes a random variable, X, that has 4 possible outcomes. Outcome 1 has a probability of 25%, Outcome 2 has a probability of 15%, Outcome 3 has a probability of 20%. What is the probability of Outcome 4? (5 pts) |
Solution:
Given in the question
P(Outcome 1) = 0.25
P(Outcome 2) = 0.15
P(Outcome 3) = 0.2
So we need to find out P(Outcome 4) = ?
From binomial distribution theorem we can say that total probability is 1
So P(Outcome 4) = 1-P(Outcome 1)-P(Outcome2) - P(Outcome3) = 1-0.25-0.15-0.2 = 1-0.6 = 0.4
So P(Outcome4) = 0.4
So binomial distribution table can be constructed as
X P(X)
1 0.25
2 0.15
3 0.2
4 0.4
10. A binomial distribution describes a random variable, X, that has 4 possible outcomes. Outcome 1...
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