I need to solve this using Excel.
Calculate the probability of between 45 and 55 successes for a binomial random variable of 90 trials with a 40% probability of success.
Solution:
Probability of success = p = 40% = 0.4
Number of trials = n = 90
X follows Binomial(90 , 0.4)
P(45 and 55 successes)
= P[45 X 55]
= P[X 55] - P[X < 45]
= P[X 55] - P[X 44]
Use excel. BINOM.DIST(number , n , p, cumulative)
= BINOM.DIST(50,90,0.4,TRUE) - BINOM.DIST(44,90,0.4,TRUE)
= 0.033629817
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