Binomial Distribution

Definition

In statistics, a binomial distribution represents discrete data from repeated independent experiments with two possible outcomes (success or failure) and a fixed number of trials. It provides probabilities for each possible number of successes in those trials.

Related terms

Bernoulli Trial: A Bernoulli trial is an experiment with two possible outcomes, usually referred to as success and failure.

Probability Mass Function: The probability mass function (PMF) gives the probability that a discrete random variable takes on a specific value.

Expected Value: The expected value is the average outcome of a random variable over many trials. It represents the long-term average result.