Binomial Distribution Basics: Exact, Less Than, Greater Than Probabilities
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YouTubeJohn Rozean
Binomial Distribution Basics: Exact, Less Than, Greater Than Probabilities
In this video, we break down the binomial distribution and show how to calculate probabilities using the formula \operatorname{nCr}\left(n,k\right)\left(p\right)^{k}\left(1-p\right)^{n-k} . We explain how combinations work, what each parameter means, and why every trial in a binomial setting has only two possible outcomes: success or failure ...
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