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Now let’s simulate 10,000 draws from a binomial with n=10 and p = 0.2. What is...

Now let’s simulate 10,000 draws from a binomial with n=10 and p = 0.2.

What is the theoretical standard deviation of the distribution of the sample proportions in this scenario? Round to four decimals.

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Answer #1

Standard deviation for sample proportion = Sqrt ( p( 1 - p) / n)

= sqrt( 0.2 / 0.8 / 10)

= 0.1265

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