According to LIMRA, 77% of husband-wife families with kids under 18 years old have life insurance. A random sample of six husband-wife families was selected. What is the mean of this distribution?

Question

Quizplus · Accepted Answer

The mean of a binomial distribution is given by $n \times p$, where $n$ is the number of trials (in this case, 6 families) and $p$ is the probability of success (in this case, 0.77). Thus, the mean is $6 \times 0.77 = 4.62$.

According to LIMRA, 77% of Husband-Wife Families with Kids Under