Find the mean µ for the binomial distribution with n=40 and p=3/5. Round the answer to the nearest tenth.
You need to remember what is formula of mean for a binomial distribution such that:
`mu = n*p`
The problem provides the values for n and p, hence, you need to substitute 40 for n and `3/5` for p in formula of mean such that:
`mu = 40*(3/5)`
`mu = 8*3 =gt mu = 24`
Hence, evaluating the mean for given binomial distribution yields `mu = 24.`