Statistical Literacy For a binomial experiment with rr successes out of nn trials, what value do we use as a point estimate for the probability of success pp on a single trial? Select one: a. p hat = n-r b. p hat = n+r c. p hat = n/r d. p hat = r/n
For
a binomial experiment with r successes out of n trials, the value
we use as a point estimate for the probability of success p on a
single trial is given by [tex]\hat{p}= \frac{r}{n} [/tex]
