Design a binomial experiment

Design a binomial experiment you would need three things
The Trial: it should only have two outcomes, such as heads or tails, would I make it to work on time or not, or students who pass or fail Math 2, etc. Also need to decide how many trials you would do.The Theoretical Percentage of Success for each trial: you may not know this, so give me a good, educated guess.Whats the probability of x times happening?Now calculate the mean, the standard deviation, and the probability for one example of x
My example
The Trial:  Finding a parking spot in Ontario Mills (a mall) right in front of the theater on a Sunday. Im going there 5 times. (“Success” means you found a spot right in front of the theater.)
The Theoretical Percentage of Success each trial:    20% (that’s my guess of finding a parking spot in front of the theater on any given Sunday.)
Whats the percentage of “Success” all 5 times? From Table A-1, n=5 (total trials), p=0.2 (theoretical probability), x=5 (how many times I want to see it happen), the probability is 0.00032 – which means that my chance of finding a spot to park in front of the theater on a Sunday all five times is 3/10000.
II. Design a second experiment with a cumulative outcome – for example, using the parking example above, “what’s my chance of finding a spot to park in front of the theater on a Sunday at least three out of five times?” Demonstrate how you would calculate that probability.

YOU MAY ALSO READ ...  Consultant’s analysis report on enterprise system

Assignment status: Already Solved By Our Experts

(USA, AUS, UK & CA Ph. D. Writers)

CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS

Order from Australian Expert Writers
Best Australian Academic Writers

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER