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Question
for a binomial experiment with r successes out of n trials, what value do we use as a point estimate for the probability of success p on a single trial?
- -/1 points
Step1: Recall the formula for point - estimate in binomial distribution
In a binomial experiment with \(n\) trials and \(r\) successes, the point - estimate for the probability of success \(p\) on a single trial is given by the formula \(\hat{p}=\frac{r}{n}\).
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\(\hat{p}=\frac{r}{n}\)