Binomial distribution, Applied Statistics

Assignment Help:

Binomial Distribution

Binomial distribution  was discovered by swiss mathematician James  Bernonulli, so this distribution is called as Bernoulli distribution also, this is a discrete frequency distribution.

Assumptions of a binomial Distribution

1.       The random experiment  is performed repeatedly with a fixed  and finite  number of trials. N is denoted by number of trials.

2.      There are two mutually exclusive  possible outcomes on each trial which  are known as success and failure success is  denoted by  whereas failure is denoted  by q, and p+q = 1  or  q=1-p1.

3.      The outcomes  of any given  trial does not affect the outcomes  on subsequent  trials means the trials  are independent.

4.      The probability  of success  and failure (p&q)  remains constant from trial to  trial. If in any distribution the p& q  does not remain constant    that distribution cannot be a binomial distribution, For  example  the probability  of getting  head  must remain  the same in each  toss i.e. ½  similarly  the probability  of drawing  4 balls  from a bag containing  6  red  and 10 white balls  does not  change in successive  draws  with replacement, hence it  will be called  as binomial distribution .But in contrary  to this, if balls  are not replaced  after  each trail then it will not be a binomial  distribution.

5.      If all above  assumptions are satisfied , the probability of exactly  r successes in  n trials is given by

6.      P(n=r)=n crprqn-r


Related Discussions:- Binomial distribution

Statistics, Theories of Business forecasting

Theories of Business forecasting

Calculate the maximum charge current, For the circuit shown below; Wr...

For the circuit shown below; Write a KCL equation for Node A, Node B, Node C and Node D. Write a KVL equation for Loop 1, Loop 2 and Loop 3.   A simple circ

Skewness, Skewness Meaning and Definition  Literal meaning of skew...

Skewness Meaning and Definition  Literal meaning of skewness is lack of symmetry; it is a numerical measure which reveals asymmetry of a statistical series. According t

Bernoulli trial, Statistician is searching the \home ground" effect and is ...

Statistician is searching the \home ground" effect and is studying 20 football games, of which 14 were won by the home team and 6 by the visitors. Therefore the game is a Bernoulli

Determine how the ordinary least squares, Question Following the general...

Question Following the general methodology used by econometricians as explained in the session for week 1 (eight steps), explain how you would proceed to determine if a good com

Standard deviation, Standard Deviation The main drawback of the deviati...

Standard Deviation The main drawback of the deviation measures of dispersion, as discussed earlier, is that the positive and negative deviations cancel out each other. Use of t

Risk of portfolios, Risk of Portfolios So far, we have seen the applic...

Risk of Portfolios So far, we have seen the application of standard deviation in the context of risk in single investment. But usually most investors hold portfolios of securi

Calculate the line of best fit, The manager of Pizza Hut provides a deliver...

The manager of Pizza Hut provides a delivery service for customers who telephone in an order. The manager would like to give callers an idea of the time it will take to deliver an

What is the probability that they all hit the target, QUESTION ONE. (a) ...

QUESTION ONE. (a) The probability that, a bomber hits a target on a bombing mission is 0.70 Three bombers are sent to bomb a particular target. (i) What is the probability

Standard erro, practical application of standard error

practical application of standard error

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd