(Solution Library) Finding u, σ, and Unusual Values. Assume that a procedure yields a binomial distribution with n trials and the probability of success for
Question: Finding \(u, \sigma\), and Unusual Values. Assume that a procedure yields a binomial distribution with n trials and the probability of success for one trial is p. Use the given values of \(n\) and \(p\) to find the mean \(\mu\) and standard deviation \(\sigma\). Also, use the range rule of thumb to find the minimum usual value \(\mu-2 \sigma\) and the maximum usual value \(\mu+2 \sigma\)
\(n=1492, p=1 / 4\)
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