Approximation of binomial distribution, Basic Statistics

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Approximation of binomial distribution

Approximation of binomial distribution.

Suppose that the mean parameter θ for the RV L is unknown. To estimate it a random sample of n = 10 light bulbs is selected as well as the lifetime of each light bulb is measured. Let X denote the number of those 10 sampled light bulbs that burn longer than 1000 hours.

Presume that X = 6 is observed. Use the hints below to estimate θ.

Explain what kind of RV is X?

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Basic Statistics: Approximation of binomial distribution

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Basic Statistics: Approximation of binomial distribution

Reference No:- TGS021223

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Recent Questions Asked Basic Statistics

Q : Describe the standard normal distribution z -scores

Q : Working capital recommendation

Q : Illustrate what contribution to understanding of economics

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Basic Statistics: Approximation of binomial distribution

Reference No:- TGS021223

Recent Questions Asked Basic Statistics

Q : Describe the standard normal distribution z -scores

Q : Working capital recommendation

Q : Illustrate what contribution to understanding of economics

Q : Determine the tally and frequency distribution

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Q : Calculate payment of the amount

Q : Capital valuation models

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