Binomial probabilities, mean and standard deviation
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57% of families say that their children have an influence on their vacation destinations. Consider a random sample of six families who are asked if their children have an influence on their vacation destination.
Construct a binomial distribution.
Find the mean, variance and standard deviation of the distribution.
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Solution Summary
This 200 word solution gives a detailed description of how to calculate probabilities of events related to a binomial distribution and shows how to calculate the mean, variance and standard deviation of a binomial distribution.
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