Question

Define binomial distribution.

Answer 1

a frequency distribution of the possible number of successful outcomes in a given number of trials in each of which there is the same probability of success.

Binomial distribution, in mathematics and statistics, is the probability of a particular outcome in a series when the outcome has two distinct possibilities, success or failure. The prefix bi means two. Binomial distributions have many uses in business. For example, they may be used to predict the number of defective products in a product run (pass/fail inspection)