
Abere K. answered 12/16/15
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Hi Lewis,
In binomial distribution, mean and standard deviation are calculated as follows:
µ = np = 1572*.75 = 1179
σ = SQRT[np(1-P)] = SQRT(1572*.75*.25) = 17.17
Minimum value = μ−2σ = 1179 -2(17.17) = 1144.66
Maximum value = μ+2σ = 1179+2(17.17) = 1213.34.
I hope this helps
A