Step 1 :Given values are n=70 and p=0.4.
Step 2 :The mean, variance, and standard deviation of a binomial distribution can be calculated using the following formulas:
Step 3 :Mean (μ) = n*p
Step 4 :Variance (σ^2) = n*p*(1-p)
Step 5 :Standard Deviation (σ) = sqrt(n*p*(1-p))
Step 6 :Substitute the given values into the formulas:
Step 7 :Mean = 70*0.4 = 28.0
Step 8 :Variance = 70*0.4*(1-0.4) = 16.8
Step 9 :Standard Deviation = sqrt(70*0.4*(1-0.4)) = 4.09878030638384
Step 10 :Final Answer: The mean of the binomial distribution is \(\boxed{28.0}\), the variance is \(\boxed{16.8}\), and the standard deviation is approximately \(\boxed{4.10}\).