Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
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
Types of business forecasting are generally as follows: 1. Sales and Demand forecasts 2. Porduction forecasts. 3. Cost Forecasts 4. Financi
Why are graphs and tables useful when examining data? A researcher is comparing two middle school 7th grade classes. One class at one school has participated in an arts program
Suppose that in the actual survey of 50 prospective customers, 6 subscribe to the 3 for all offer, what does this tell you about the previous estimate of the proportion of customer
Where do I Access the gss04student_corrected dataset
Standard Deviation The concept of standard deviation was first introduced by Karl Pearson in 1893. The standard deviation is the most important and the popular measure of disp
Consider the sample of 60 package design ratings given in the table below. A Sample of Package Design Ratings (Composite S
Factor analysis (FA) explains variability among observed random variables in terms of fewer unobserved random variables called factors. The observed variables are expressed in
Classification of Universe The universe may be classified either on the basis of number of units and on the basis of existence of units as is clear from the following chart :
As we stated above, we start factor analysis with principal component analysis, but we quickly diverge as we apply the a priori knowledge we brought to the problem. This knowled
Charts when the Mean and the Standard Deviation are not known We consider the data corresponding to the example of Piston India Limited. Since we do not know population mean a
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd