Answer:
Mean = 0.4
Variance = 0.24
Step-by-step explanation:
We are given the following in the question:
Possible outcomes:
X = 1(success)
X = 0(Fail)
Probability of success = p = P(X = 1) = 0.40
Since there are only two possible outcome, it follows a Bernoulli's distribution where the probability density function is given by:
[tex]p(x) = p, ~x = 1\\~~~~~~=1-p,~ x = 0[/tex]
The mean of distribution is:
[tex]\mu = p\\\mu = 0.4[/tex]
The variance of distribution is:
[tex]\sigma^2 = p(1-p) = 0.4(1-0.4)\\\sigma^2 = 0.24[/tex]