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imported>Doug Williamson |
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| ''Statistics.''
| | == Summary == |
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| A discrete probability distribution built up from a series of binomial trials.
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| The binomial distribution can be an appropriate model for processes where:
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| #The process consists of a limited whole number of identical trials or situations (n).
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| #Each trial results in just one of only two possible outcomes (eg success or failure).
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| #The probability of success (p) remains constant for each trial.
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| #The trials are independent, and
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| #Primary interest lies in the probability of a specified number of successes (or of failures) in the n trials.
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| For example, the total number of sales achieved in a fixed number of sales appointments, assuming the probability of achieving a sale remains constant for each appointment.
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| == See also == | |
| * [[Binary]]
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| * [[Binomial]]
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| * [[Discrete random variable]]
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| * [[Distribution]]
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| * [[Frequency distribution]]
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| * [[Poisson distribution]]
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| [[Category:The_business_context]]
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Latest revision as of 09:29, 27 July 2023
Summary
Importing files from local file repository