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Q. Explain Binomial Distribution?
Ans.
The binomial distribution occurs when you are considering the probability function of a binomial experiment.
Binomial Experiment:
An experiment is called binomial if it satisfies the following conditions:
1) The experiment has two types of outcomes: success and failure
2) The experiment is repeated n independent times.
3) The probability of success, p, is the same each time.
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Standard interpretations to derivatives Example Assume that the amount of money in a bank account is specified by P (t ) = 500 + 10
How do they work?
Definition of a Function Now we need to move into the second topic of this chapter. Before we do that however we must look a quick definition taken care of.
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