Binomial Distribution

Binomial distribution is a common probability distribution that models the probability of obtaining one of two outcomes under a given number of parameters. It summarizes the number of trials when each trial has the same chance of attaining one specific outcome. The value of a binomial is obtained by multiplying the number of independent trials by the successes.

Criteria of Binomial Distribution

Binomial distribution models the probability of occurrence of an event when specific criteria are met. Binomial distribution involves the following rules that must be present in the process in order to use the binomial probability formula:

1. Fixed trials

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