The binomial distribution models the number of successes in a fixed number of independent Bernoulli trials. It's characterized by two parameters: n (number of trials) and p (probability of success on ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...
The binomial distribution is a key concept in probability that models situations where you repeat the same experiment several times, and each time there are only two possible outcomes—success or ...