What are the mean and variance of y


Consider doing a Binomial Experiment and defining a new random variable Y as the fraction of successes in the n trials. For example, if there are 3 successes in 5 trials, Y would be 0.60 whereas the Binomial random variable X that we learned in Lectures 13-14 would be 3. Is Y a discrete random variable? Explain. What are the mean and variance of Y?

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Basic Statistics: What are the mean and variance of y
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