Binomial distribution
From ACT Wiki
Statistics.
A discrete probability distribution built up from a series of binomial trials.
The binomial distribution can be a useful model for processes where:
- The process consists of a whole number of identical trials or situations (n).
- Each trial results in just one of only two possible outcomes (eg success or failure).
- The probability of success (p) remains constant for each trial.
- The trials are independent and
- Primary interest lies in the probability of a specified number of successes (or of failures) in the n trials.