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khanacademy.org
Finding the mean and standard deviation of a binomial random variable (video) | Khan Academy
For a binomal random variable, the mean is n times p (np), where n is the sample size and p is the probability of success. The standard deviation is the square root of np(1-p). We can use them to make predictions in a binomial setting. In this example, we look at how many defective chips we expect, on average, in a sample.
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