What is the definition of a Binomial trial?
A trial with exactly two outcomes: success and failure
List the conditions for a binomial distribution.
The binomial model is suitable for any random variable that meets which four assumptions?
In a binomial distribution, what does the parameter, n, represent?
The number of trials
In a binomial distribution, what does the parameter, p, represent?
The probability of success in a single trial
True or false: The probability of success in a binomial distribution can change from trial to trial.
FALSE
The probability of success must remain constant across trials.
Fill in the blank: The expectation of a binomial distribution is calculated using the formula _______.
E(X)=np
This formula gives the long-term average of successes in a binomial experiment.
Fill in the blank: The variance of a binomial distribution is calculated using the formula _______.
Var(X)=np(1-p)
Variance measures the spread of the distribution around the mean.
What is the probability of getting exactly two heads when flipping a fair coin three times?
0.375
What is the probability of getting at least 4 heads when flipping a fair coin 10 times?
0.8281
This probability can be calculated using cumulative binomial probabilities.
In a binomial distribution, the number of successes is an example of a ________.
discrete random variable
The value of the number of successes varies randomly across trials.
What does the notation X ~ B(n, p) signify?
X is a random variable with a binomial distribution
n is the number of trials and p is the probability of success.
What is the mean of a binomial distribution with parameters n = 10 and p = 0.5?
5
The mean is calculated as n * p.
What is the notatin for a binomial model?
X ~ B(n, p)
n is the number of trials and p is the probability of success.
What are the parameters that define a binomial distribution?
n is the number of trials and p is the probability of success.
What is the standard deviation of a binomial distribution with parameters n = 10 and p = 0.5?
1.58
The standard deviation is calculated as sqrt(n * p * (1 - p)).
What is the probability of getting fewer than 3 heads when flipping a fair coin 5 times?
0.5
This can be calculated using the binomial probability formula.