Binomial probability distribution, Mathematics

Assignment Help:

Binomial Probability Distribution

Binomial probability distribution is a set of probabilities for discrete events. Discrete events are those whose outcomes or results can be counted. Binomial probabilities are usually encountered in business situations for illustration, in quality control activities the binomial probabilities are frequently used especially when finding the probability of having a specific number of defective items in a given consignment.

- The binomial probability distribution is generally characterized by the fact that the binomial events have to fulfill the given properties

i. Each event has 2 possible outcomes only termed as success or failure

ii. The probability of each outcome is independent of the previous outcomes

iii. The sample size is usually fixed

iv. The probabilities of success and failure tend to approach 0.5 if the sample size raises (in the event while an unbiased coin is thrown a number of times)


Related Discussions:- Binomial probability distribution

Proportions, How would you solve this question? 4/5 = 8/x+2

How would you solve this question? 4/5 = 8/x+2

Quadriatic-equations, Q. a(b - c)x^2 + b(c - a)x + c(a - b) = 0 has equal r...

Q. a(b - c)x^2 + b(c - a)x + c(a - b) = 0 has equal roots then b = ? Ans: Condition that a quadratic equation ax² + bx + c = 0 has equal roots is: Its discriminant, b² - 4ac = 0 A

Computerised payroll package, How to calculate costs if you have a computer...

How to calculate costs if you have a computerised payroll package for your large business?

Define histogram, Q. Define histogram? Ans. A histogram is a bar g...

Q. Define histogram? Ans. A histogram is a bar graph that gives the frequency of each value. Here are a few examples to illustrate the usefulness of this method of data r

Least common denominator using primes, Least Common Denominator Using Prime...

Least Common Denominator Using Primes: A prime number is a whole number (integer) whose only factors are itself and one. So the first prime numbers are given as follows: 1,

Example to understanidng of multiplication, 6-year-old Rahul wasn't able to...

6-year-old Rahul wasn't able to understand multiplication when it was thrust upon him in school. His mother discussed this problem with some of us. On the basis of suggestions that

Prove that x2 + y2 - 8x - 10y +39 = 0, If the points (5, 4) and (x, y) are ...

If the points (5, 4) and (x, y) are equidistant from the point (4, 5), prove that x 2 + y 2 - 8x - 10y +39 = 0. Ans :   AP = PB AP 2 = PB 2 (5 - 4) 2 + (4 - 5) 2 = (x

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