The image above represents mean.
To compute for mean, two essential parameters are needed and these are number of possible outcomes in any single trial (n) and probability of success in any single trial (p).
The formula for calculating mean:
μ = np
Where;
μ = Mean
n = Number of Possible Outcomes in Any Single Trial
p = Probability of success in any single trial
Let’s solve an example;
Find the mean when the number of possible outcomes in any single trial is 8 and the probability of success in any single trial is 1.
This implies that;
n = Number of Possible Outcomes in Any Single Trial = 8
p = Probability of success in any single trial = 1
μ = np
μ = (8)(1)
μ = 8
Therefore, the mean is 8.
Calculating for the Number of Possible Outcomes in Any Single Trial when the Mean and the Probability of Success in Any Single Trial is Given.
n = μ / p
Where;
n = Number of Possible Outcomes in Any Single Trial
μ = Mean
p = Probability of Success in Any Single Trial
Let’s solve an example;
Find the number of possible outcomes in any single trial when the mean is 15 and the probability of success in any single trial is 1.
This implies that;
μ = Mean = 15
p = Probability of Success in Any Single Trial = 1
n = μ / p
n = 15 / 1
n = 15
Therefore, the number of possible outcomes in any single trial is 15.