Binomial Distribution Definition/Meaning:
The basic discrete probability distribution for data in
the form of proportions. An event. E, can occur with probability p. In a sample
of n independent trials the probability that E occurs exactly r times is
nCrpr(1 - p)n-r
(see combination). The distribution is discrete, taking only the values 0,
1,
2,..., n. The mean of the binomial distribution is np and the variance is
np/(1 - p)
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