"= σP2 = PQ / n"
How do I use this equation and plug in actual values to figure out the probability of this question:
How many "random" patterns can I make from these five values without repeating numbers within a set, {1,5,10,25,50} ?
In the first part it's given that variance of sample proportion is equal to PQ/n. When P which is population proportion is not known then actual values that is in terms of observed sample proportion p can replace P and Q =1-P
In the second question the given set of 5 numbers can construct random patterns in 5! Ways without repeating any number.
Where 5!=5*4*3*2*1= 120 ways.
Explanation - first place in the pattern can be occupied in 5 ways, because there are 5 numbers, second place can be occupied by remaining 4 numbers in 4 ways and so on we obtaintotal number of ways as 5*4*3*2*1.
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