Binomial Distribution

The binomial distribution describes the results of repeated independent trials of an event for which the outcome space has two possible values (e.g., yes or no, true or false, heads or tails, success or failure), and each trial shares the same probability of success. The binomial distribution represents the probability of different combinations of successes or failures when the experiment is repeated n number of times, and Χ represents the number of successes in n trials. The probability that a single trial succeeds can be represented with parameter p. The probability that a single trial fails can be represented with parameter q. The sum of p and q must always equal 1. The mean of a binomial distribution is always μ = n × p, ...