5: Discrete Probability Distributions
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- 5.2: Mean or Expected Value and Standard Deviation
- The expected value is often referred to as the "long-term" average or mean. This means that over the long term of doing an experiment over and over, you would expect this average. This “long-term average” is known as the mean or expected value of the experiment and is denoted by the Greek letter μμ . In other words, after conducting many trials of an experiment, you would expect this average value.
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- 5.3: Binomial Distribution
- A statistical experiment can be classified as a binomial experiment if the following conditions are met: (1) There are a fixed number of trials. (2)There are only two possible outcomes: "success" or "failure" for each trial. (3) The trials are independent and are repeated using identical conditions. The outcomes of a binomial experiment fit a binomial probability distribution.
Contributors and Attributions
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Barbara Illowsky and Susan Dean (De Anza College) with many other contributing authors. Content produced by OpenStax College is licensed under a Creative Commons Attribution License 4.0 license. Download for free at http://cnx.org/contents/30189442-699...b91b9de@18.114 .