Binomial Distribution Calculator
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Understanding Binomial Distribution
What is Binomial Distribution?
The binomial distribution models the number of successes in a fixed number of independent trials, where each trial has the same probability of success. Key characteristics include:
- Fixed number of trials (n)
- Independent trials
- Constant probability of success (p)
- Only two possible outcomes per trial (success/failure)
Key Formulas
Probability Mass Function:
P(X = k) = C(n,k) * p^k * (1-p)^(n-k)
Mean (Expected Value):
μ = np
Variance:
σ² = np(1-p)
Standard Deviation:
σ = √(np(1-p))
Properties
Shape
- Symmetric when p = 0.5
- Right-skewed when p < 0.5
- Left-skewed when p > 0.5
Characteristics
- Discrete probability distribution
- Sum of probabilities equals 1
- Non-negative probabilities
Applications
Quality Control
Testing defective items in manufacturing
Medicine
Clinical trials and drug testing
Finance
Risk assessment and insurance