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23CD C: Expectation D: The Binomial Distribution 23C: EXPECTATION • If there are n trials of an experiment, and an event has probability p of occurring in each of the trials, then the number of times we expect the event to occur is np. • The expected outcome for the random variable X is the mean result 𝜇. • In general, the expectation of the random variable X is TWO EXAMPLES: 23C: FAIR GAMES • In gambling, we say the expected gain of the player from each game is the expected return or payout from the game, less the amount it cost them to play. • The game will be fair if the expected gain is zero. 23C: ANOTHER EXAMPLE 23D: THE BINOMIAL DISTRIBUTION • Special type of discrete random variable which is applied to sampling with replacement. • The probability distribution that is associated with this variable is binomial probability distribution. 23D: BINOMIAL EXPERIMENTS 23D: EXAMPLE • Suppose a spinner has three blue edges and one white edge. • The chance of finishing on blue is ¾ and on white is ¼. • If we call a blue result a “success” and white a “failure”, then we have a binomial experiment. WOW! • Consider twirling the spinner n = 3 times. This is exciting. • Find P(X = 0), P(X = 1), P(X = 2), and P(X = 3). 23D: EXAMPLE • Suppose a spinner has three blue edges and one white edge. • Consider twirling the spinner n = 3 times. This is still exciting. • Find P(X = 0), P(X = 1), P(X = 2), and P(X = 3). DID YOU NOTICE? MORE FUN EXAMPLES FROM 23D 23D: THE BINOMIAL PROBABILITY DISTRIBUTION FUNCTION EXAMPLE WITH CALCULATOR EXAMPLE WITH CALCULATOR CONTINUED 23D: THE MEAN AND STANDARD DEVIATION OF A BINOMIAL DISTRIBUTION 23D: THE MEAN AND STANDARD DEVIATION OF A BINOMIAL DISTRIBUTION EXAMPLE