Mode and Median probability statistics homework help

1. Read the webpage, https://en.wikipedia.org/wiki/Binomial_distribution , down to the section, Mode and Median.  Read thoroughly the example about the biased coin that comes up heads with probability of 0.3.  This variable can be described as, X~Bi(n=6, p=0.3).  Use this example to answer the following questions.

a. What is the expected value of this variable? 

Get Your Custom Essay Written From Scratch
We have worked on a similar problem. If you need help click order now button and submit your assignment instructions.
Just from $13/Page
Place an Order

b. What is the expected number of heads if this coin is tossed 6 times?  Same answer as in part 2.a. but in different words.

c. What is the probability that the number of heads out of 6 tosses of this unfair coin is less than 2?

Get Assignment Writing Help

Our experts are ready to complete your assignment, course work. essay, test, dissertation, research paper, quiz

Get Started

d. What is the probability that the number of heads out of 6 tosses of this unfair coin is more than 2?

e. What is the probability that the number of heads out of 6 tosses of this unfair coin is at least 2?

f. What is the probability that the number of heads out of 6 tosses of this unfair coin is at most 2?

2. Assume that 25% of all accounting audits identify an accounting error and that 8 audits were completed.  The variable of interest is the number of audits that identify an accounting error out of the 8 audits.  The distribution of this variable is described as X~Bi(n=8, p=0.25).  Use this information to answer the questions below.  Use this online calculator, if you want: http://stattrek.com/online-calculator/binomial.aspx

a. What is the expected number of audits that will identify accounting errors?

b. What is the probability of 2 or more accounting errors being identified in the 8 audits?

c. What is the probability of 3 or more accounting errors being identified in the 8 audits?

d. What is the probability of 4 or more accounting errors being identified in the 8 audits?

e. What is the probability of 5 or more accounting errors being identified in the 8 audits?

f. What is the probability of 6 or more accounting errors being identified in the 8 audits?

g. What is the probability of 7 or more accounting errors being identified in the 8 audits?

h. What is the probability of 8 or more accounting errors being identified in the 8 audits?

Needs help with similar assignment?

We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper

Order Over WhatsApp Place an Order Online

"Do you have an upcoming essay or assignment due?


Get any topic done in as little as 6 hours

If yes Order Similar Paper

All of our assignments are originally produced, unique, and free of plagiarism.

Stuck with a Question?

Get it solved from our top experts within 8 hrs!

Ask Your Question Now!

"Are you looking for a similar assignment? if yes, we are ready to help"

Order New Solution

You will get 100% plagiarism free and professional written paper.