binomial distribution

Popular Terms
Frequency distribution where only two (mutually exclusive) outcomes are possible, such as better or worse, gain or loss, head or tail, rise or fall, success or failure, yes or no. Therefore, if the probability of success in any given trial is known, binomial distributions can be employed to compute a given number of successes in a given number of trials. And it can be determined if an empirical distribution deviates significantly from a typical outcome. Also called Bernoulli distribution after its discoverer, the Swiss mathematician Jacques Bernoulli (1654-1705). See also poisson distribution.

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Figuring out what the difference is between a binomial distribution can help you to end up on the side you want to be.
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I wish I could determine the binomial distribution, so I would know where our successes reside and where our failures reside as well.
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Figuring out what the binomial distribution says to do will help you to maximize all of your long term profits.
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