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8.04 Applications of general continuous random variables

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Outcomes

ACMMM148

identify contexts suitable for modelling by binomial random variables

ACMMM149

determine and use the probabilities P(X=r)=(nr)p^r(1−p)^(n−r) associated with the binomial distribution with parameters n and p; note the mean np and variance np(1−p) of a binomial distribution

ACMMM166

recognise the expected value, variance and standard deviation of a continuous random variable and evaluate them in simple cases

ACMMM167

understand the effects of linear changes of scale and origin on the mean and the standard deviation

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