Razorpay Interview Question | Binomial Random Variable
Question
What is the expected value of a binomial random variable in a binomial distribution? Given number of repeated trials is n and the probability of success is P.
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In a binomial distribution ,
Probability of a random variable at any point is denoted by C(n,r).p^r.(1-p)^(n-r)
where n=no of trials
p=probaility of random variable
r= no of successes after n trails
Now expected value is
EV=x1.P(X=x1)+x2.P(X=x2)+x3.P(X=x3)…+xn.p(X=xn)
where X=Random variable.
and X can take values x1,x2,x3,…,xn