Binomial conditions
Definition
The binomial conditions refer to the requirements that must be met in order to use the binomial distribution. These conditions include having a fixed number of trials, independent trials, two possible outcomes (success or failure), and the probability of success remains constant for each trial.
Analogy
Think of buying lottery tickets. In order to use the binomial distribution, you need to have a specific number of tickets, each ticket is an independent trial with only two possible outcomes - winning or losing, and the odds of winning remain the same for every ticket.
Related terms
Random variable: A random variable represents an uncertain event or outcome in statistics.
Trials: Trials are individual attempts or experiments within an experiment.
Probability: Probability is a measure of how likely an event is to occur.
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