1. What is the variance of a binomial distribution (n,p) ?
2. What is the maximum value of the function , when ?
I believe that the maximum variance for a binomial distribution occurs when the probability is 1/2 and the minimum variance occurs when probably is 0 or 1. The function of variance is in fact an inverted parabola however the maximal value occurs at 1/2 not 0. A quick check is to plot the variance over different value of p in the range of 0 and 1. A better way is to calculate first derivative = 0 and solve the for p which shows the apex of the parabola --- in this case p is also 1/2.