Binomial (Bernoulli) Distributions (SOA Exam P – Probability – Univariate Random Variables)

Описание к видео Binomial (Bernoulli) Distributions (SOA Exam P – Probability – Univariate Random Variables)

AnalystPrep Actuarial Exams Study Packages (video lessons, study notes, question bank, and quizzes) can be found at https://analystprep.com/shop/actuaria...

After completing this video you should be able to:

- Explain and calculate expected value and higher moments, mode, median, and percentile.

Example: A 4-question multiple choice exam has 5 different answer choices for each question. Fill in the probability table for the random variable, 𝑁, representing the number of questions answered correctly for a person who randomly guesses on each question.

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