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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)
two coins are flipped once.what is the probability of getting two tails?
do you guys have excel math
The power
What percent of the figure below is shaded? Break the rectangle into eighths as shown below. The shaded part is 6/8 or 3/4; 3/4 is 75%.
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Explain Pillais Conjecture?
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compare 643,251 633,512 and 633.893 the answer is 633.512 what is the question
How do I increase and decrease tax and sales
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