Advanced Quantitative Methods
The binomial distribution is a discrete probability distribution that describes the number of successes in a fixed number of independent Bernoulli trials, each with the same probability of success. This concept connects deeply with the understanding of random variables, as it provides a specific model for scenarios where outcomes can be categorized into two distinct possibilities, such as success or failure, and emphasizes the importance of discrete probability distributions in statistical modeling.
congrats on reading the definition of Binomial Distribution. now let's actually learn it.