A binomial random variable X is defined as the number of successes achieved in the n trials of a Bernoulli process. Describe an event in your life that fits the properties of a Bernoulli process, being sure to explain how each property is met by your event. Finally, state the number of trials and the number of successes for your event. Be specific.

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Answer:

Explained

Step-by-step explanation:

X= winning a lottery prize

Properties of Bernouli

a) The value of X is either 1 or 0

b) All the trials are independent i.e. the success of next trail does not in any way depend or is influenced by the previous trail or trails

The outcome of a trail can only be a win i.e. 1 or lose i.e. 0

The number of trials is the number of times the lottery is played

The number of successes for the event X is how many times we won the lottery.