Can we always be completely certain that the probability of

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Discuss what we mean by a binomial experiment. As you can see, a binomial process or binomial experiment involves a lot of assumptions! For example, all the trials are supposed to be independent and repeated under identical conditions. Is this always true? Can we always be completely certain that the probability of success does not change from one trial to the next? In the real world, there is almost nothing we can be absolutely sure about, so the theoretical assumptions of the binomial probability distribution often will not be completely satisfied. Does that mean we cannot use the binomial distribution to solve practical problems? Looking at this chapter, the answer seems to be that we can indeed use the binomial distribution even if not all the assumptions are exactly met. We find in practice that the conclusions are sufficiently accurate for our indeed application. List three applications of the binomial distribution for which you think, although some of the assumptions are not exactly met, there is adequate reason to apply the binomial distribution anyhow.

Reference no: EM13802839

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Can we always be completely certain that the probability of : Discuss what we mean by a binomial experiment. As you can see, a binomial process or binomial experiment involves a lot of assumptions! For example, all the trials are supposed to be independent and repeated under identical conditions. Is this always..

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