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To increase sales, an online clothing store began giving a 50% off coupon to random customers Six customers each made purchases from the website the binomial random variable and mean and standard deviation of X is mathematically given as
[tex]X ~ Bin(n = 6, p = 0.2)[/tex]
x= 0.9798
What is a binomial random variable?
Generally, the equation for is mathematically given as
P(coupon) = 1/5
P(coupon)= 0.2
the binomial distribution
[tex]X ~ Bin(n = 6, p = 0.2)[/tex]
Therefore, The mean and standard deviation of X
[tex]пВ = np \\np= 6* 0.2 = 1.2\\[/tex]
[tex]x=\sqrt{ np(1 - p)} \\ x=\sqrt{ 6 * 0.2 + (1 -0.2)} \\[/tex]
x= 0.9798
In conclusion, mean and standard deviation of X
x= 0.9798
Read more about binomial
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