Question

In which examples could binomial distribution be used using insurance policy?

Answer 1

Answer:

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The binomial distribution is applicable in real life situations where the outcomes of the experiment is one success or failure and the experiment is repeated a certain number of times.

The simplest real life example of binomial distribution is the number of students that passed or failed in a college.

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Answer 2

Answer:

Step-by-step explanation:

The binomial distribution is applicable in real life situations where the outcomes of the experiment is one success or failure and the experiment is repeated a certain number of times.

The simplest real life example of binomial distribution is the number of students that passed or failed in a college.