binomial-distribution
The binomial distribution is a fundamental concept in probability theory and statistics, representing the discrete probability distribution of the number of successes in a fixed number of independent Bernoulli trials. Each trial has two possible outcomes: success or failure. The distribution is characterized by parameters n (the number of trials) and p (the probability of success in each trial). Common examples include flipping a coin multiple times or determining the number of successful sales in a given period. Understanding the binomial distribution is essential for analyzing scenarios where outcomes are binary and for conducting statistical tests related to these outcomes.
Statistics 101: the Binomial Distribution
Experiments consisting of a sequence of identical and independent trials resulting in one of two outcomes are known as binomial experiments. Examples of events that follow the binomial distribution…
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Demystifying the Binomial Distribution
Before we jump into binomial distributions, it is important to understand Bernoulli trials. A Bernoulli trial is a term that is used in probability theory and statistics. It is a trial (an…
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An Introduction to Discrete Distribution Function
Binomial Distribution: In probability theory and statistics, the binomial distribution is the discrete probability distribution that gives only two possible results in an experiment, either Success…
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Binomial distributions in practice
Any doubts about the binomial distribution? After reading, you will comfortably use the binomial distributions from both theoretical and practical perspectives.
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Bernoulli and Binomial Distributions Explained
Often in data science, we focus and obsess over obtaining the holy grail of distributions — the normal distribution. However, two other types of distributions, the Bernoulli and binomial , have many…
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Important Points About Binomial Distribution with Implementation
Part 5: Statistics Series Hello, welcome back to the statistics series. I know this is the statistics series for data science and I am talking about a probability distribution, which may sound odd to ...
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Binomial Distribution — Practical Intro with Drive-Thru Business Analytic
Probability distribution is a very useful statistical tool to estimate the performance or risk hidden in a business activity. Many businesses stakeholders rely on the probability distribution to…
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Binomial And Poisson Distribution
It is a discrete distribution and describes success or failure of an event. e.g:- In an examination student can either pass or fail , if a coin is tossed it gives either head or tail. In other word…
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Probability Distributions: Poisson vs. Binomial Distribution
If you are not a paid member on Medium, I make my stories available for free: Friends link The Poisson and Binomial distributions are two fundamental discrete probability distributions used in data sc...
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An intuitive real life example of a binomial distribution and how to simulate it in R
When we repeat a set of events like 10 times coin flipping and each single event in a set has two possible outcomes (head or tails) think about Binomial distributions. Each single event here is known…...
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Binominal Distribution & What Analysts Should Have Known
Brief, concentrated explanations with illustrations of essential statistics distributions. We will start with the most basic one, Binomial… Continue reading on Towards Data Science
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The Bernoulli and Binomial Distributions
The probability for a discrete random variable can be summarized with a discrete probability distribution. A discrete random variable is a random variable that can have one of a finite set of…
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