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8 Terms

1
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What are the key characteristics of a Binomial Distribution?

It has a fixed number of trials, fixed probability of success, two outcomes (success or failure), and each trial is independent.

2
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What does P(X=r) represent in the context of a Binomial Distribution?

It represents the probability of getting exactly r successes in n trials.

3
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What is the formula for calculating the probability in a Binomial Distribution?

P(X=r) = C(n, r) * (p^r) * ((1-p)^(n-r)), where C(n, r) is the combination of n trials taken r at a time.

4
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In Binomial Distribution, what does 'n' represent?

'n' represents the fixed number of trials.

5
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In Binomial Distribution, what does 'p' represent?

'p' represents the fixed probability of success on each trial.

6
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What are the two possible outcomes in a Binomial Distribution?

Success or failure.

7
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What does it mean for trials to be independent in a Binomial Distribution?

The outcome of one trial does not affect the outcome of another trial.

8
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Equation when x>1

P(X=r) nCr (P)r. (1-p)n-r