Binomial Expected Value Formula:
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The expected number of successes in a binomial distribution represents the mean or average number of successful outcomes you would expect over multiple trials. It's calculated as the product of the number of trials and the probability of success in each trial.
The calculator uses the binomial expected value formula:
Where:
Explanation: This formula gives the theoretical average number of successes you would observe if the experiment were repeated many times under identical conditions.
Details: Calculating expected values is fundamental in probability theory and statistics. It helps in predicting outcomes, making informed decisions, and understanding the central tendency of binomial processes in fields like quality control, clinical trials, and risk assessment.
Tips: Enter the number of trials (must be a positive integer) and the probability of success (must be between 0 and 1 inclusive). The calculator will compute the expected number of successes.
Q1: What is a binomial distribution?
A: A binomial distribution describes the number of successes in a fixed number of independent trials, each with the same probability of success.
Q2: Is the expected value always an integer?
A: No, the expected value can be a decimal number. It represents the theoretical average over many repetitions of the experiment.
Q3: What's the difference between expected value and actual outcomes?
A: Expected value is a theoretical average, while actual outcomes in any single experiment may vary. The actual number of successes follows a binomial distribution around this expected value.
Q4: Can probability be 0 or 1?
A: Yes, probability can be 0 (impossible event) or 1 (certain event). If p=0, expected successes is 0; if p=1, expected successes equals the number of trials.
Q5: What are some real-world applications?
A: This calculation is used in quality control (defect rates), clinical trials (treatment success rates), insurance (claim probabilities), and many other fields involving binary outcomes.