Step 1 :Given that \(n=80\) and \(p=0.3\).
Step 2 :The mean of a binomial distribution is given by the formula \(\mu = np\).
Step 3 :Substitute the given values into the formula to get \(\mu = 80 * 0.3 = 24\).
Step 4 :The variance of a binomial distribution is given by the formula \(\sigma^2 = np(1-p)\).
Step 5 :Substitute the given values into the formula to get \(\sigma^2 = 80 * 0.3 * (1 - 0.3) = 16.8\).
Step 6 :Final Answer: The variance, \(\sigma^{2}\), is \(\boxed{16.8}\).