8Mean and variance, Binomial
. Find and .
For X ~ Bin(20, 0.4): the mean is E[X] = np = 20×0.4 = 8, and the variance is Var(X) = np(1−p) = 20×0.4×0.6 = 4.8. Since 1−p < 1, variance is always less than the mean here, which checks out (4.8 < 8).
. Find and .
For X ~ Bin(20, 0.4): the mean is E[X] = np = 20×0.4 = 8, and the variance is Var(X) = np(1−p) = 20×0.4×0.6 = 4.8. Since 1−p < 1, variance is always less than the mean here, which checks out (4.8 < 8).