If mean and variance of Binomial distribution are 4 and 2.4 respectively, then probability of success 'p' is equal to
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Given that
- Mean of Binomial Distribution = 4
- Variance of Binomial Distribution = 2.4
Let assume that
- n be the number of independent trials
- p be the probability of success
- q be the probability of failure
We know that
In Binomial Distribution,
And
We know that,
Additional Information :-
The Binomial Distribution for random variable 'r' is given by
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