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A binomial experiment is a probability experiment that satisfies the following four requirements:
1. Each trial can have only two outcomes or outcomes that can be reduced to two outcomes. These outcomes can be considered as either success or failure.
2. There must be a fixed number of trials.
3. The outcomes of each trial must be independent of each other.
4. The probability of a success must remain the same for each trial.
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What is the relationship between the binomial expansion and binomial distribution?
First i will explain the binomial expansion
Why is it necessary to use a continuity correction when using a normal distribution to approximate a binomial distribution?
It is necessary to use a continuity correction when using a normal distribution to approximate a binomial distribution because the normal distribution contains real observations, while the binomial distribution contains integer observations.
Why is binomial distribution important?
Binomial distribution is the basis for the binomial test of statistical significance. It is frequently used to model the number of successes in a sequence of yes or no experiments.
What is the difference between poisson and binomial distribution?
Poisson and Binomial both the distribution are used for defining discrete events.You can tell that Poisson distribution is a subset of Binomial distribution. Binomial is the most preliminary distribution to encounter probability and statistical problems. On the other hand when any event occurs with a fixed time interval and having a fixed average rate then it is Poisson distribution.
The mean of a binomial probability distribution can be determined by multiplying?
The mean of a binomial probability distribution can be determined by multiplying the sample size times the probability of success.
