4.6 Learning Objectives Revisited

As a result of completing this chapter, you will be able to do the following:

• Determine the probability distribution of a discrete random variable (Section 4.2).
• Calculate the mean (expected value) and standard deviation of a discrete random variable based on its probability distribution (Section 4.4).
• Identify situations where the binomial distribution can be applied (Section 4.5).
• Calculate the probabilities of events using the binomial probability formula, if applicable (Section 4.5).
• Calculate the mean and standard deviation of a random variable that follows the binomial distribution (Section 4.5).