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

Characteristics and limitations of moving average, Characteristics and Limi...

Characteristics and Limitations of moving average Characteristics of moving average 1) The more the number of periods in the moving average, the greater the smoothing

Word problem, mark got 15.00 for his birthday he now has 27.00. how much di...

mark got 15.00 for his birthday he now has 27.00. how much did he start with

Viscosity measure, get the viscosity of particle to apply the stoke''s law

get the viscosity of particle to apply the stoke''s law

prove that 2a=b+c, If the roots of the equation (a-b) x 2 + (b-c) x+ (...

If the roots of the equation (a-b) x 2 + (b-c) x+ (c - a)= 0 are equal. Prove that 2a=b+c. Ans:    (a-b) x 2 + (b-c) x+ (c - a) = 0 T.P 2a = b + c B 2 - 4AC = 0

Math, i need help in math

i need help in math

People fit, How many people ca fi in a small cars without seats?

How many people ca fi in a small cars without seats?

Show trigonometric functions on a graph, Q. Show Trigonometric Functions on...

Q. Show Trigonometric Functions on a Graph? Ans. By discussing the trig functions with respect to an angle in a right-angle triangle, we have only considered angles betwee

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