The Binomial Probability Distribution
In This Chapter
◆ Describe the characteristics of a binomial experiment
◆ Calculate the probabilities for a binomial distribution
◆ Find probabilities using a binomial table
◆ Find binomial probabilities using Excel
◆ Calculate the mean and standard deviation of a binomial distribution
Our discussion of discrete probability distributions so far has been limited to general distributions based on historical data that has been previously collected. However, some theoretical probability distributions are based on a mathematical formula rather than historical data. We will address the first of these, the binomial probability distribution, in this chapter.
In many types of problems we are interested in the ...