Binomial Distribution (Noun)
Meaning
A theoretical distribution of the number of successes in a finite set of independent trials with a constant probability of success.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The binomial distribution is widely used to model the probability of success in a series of independent trials.
- Understanding the binomial distribution is crucial for statistical inference and decision-making in fields like finance and engineering.
- In the context of the binomial distribution, each trial is independent, and the probability of success remains constant for each trial.
- Researchers utilize the binomial distribution to estimate the likelihood of k successes occurring in n trials.
- When working with large samples, the normal distribution is often used as an approximation of the binomial distribution due to the Central Limit Theorem.