1. The binomial distribution for p = 0.2 and n = 5 is:
(a) Compute μ and σ2 for this distribution.
(b) Do these values agree with those obtained as a function of the parameter p and sample size n? (See discussion of random variables in Section 2.2.)
2. A system consists of 10 components all arranged in series, each with a failure probability of 0.001. What is the probability that the system will fail?