Questions: The random variable X is a binomial random variable with n=14 and p=0.2. What is the expected value of X? Do not round your answer.
Transcript text: The random variable $X$ is a binomial random variable with $n=14$ and $p=0.2$. What is the expected value of $X$ ? Do not round your answer.
Solution
Solution Steps
Step 1: Identify the Parameters of the Binomial Distribution
The problem states that the random variable \( X \) is a binomial random variable with parameters \( n = 14 \) and \( p = 0.2 \).
Step 2: Recall the Formula for the Expected Value of a Binomial Distribution
The expected value \( E(X) \) of a binomial distribution is given by the formula:
\[
E(X) = n \cdot p
\]
Step 3: Calculate the Expected Value
Substitute the given values of \( n \) and \( p \) into the formula: