Scroll Top

search-icon
    drop-arrow

    Binomial Distribution

    What is Binomial Distribution?

    The binomial distribution is a probability distribution that summarises the likelihood that, under a given set of parameters or assumptions, a value takes one of two independent values.

    Binomial distribution's underlying assumptions are that for each trial, there is only one outcome, that each test has the same probability of success, and that each trial is mutually exclusive or independent of each other.

    Binomial distribution, as opposed to continuous delivery, such as normal distribution, is a standard discrete distribution used in statistics.

    Understanding Binomial Distribution

    Binomial distribution summarises the number of trials or observations when each trial has the same likelihood of a particular value being achieved. The binomial distribution determines the probability of a given amount of successful outcomes being observed in a specified number of trials.

    A binomial distribution's expected value, or mean, is calculated by multiplying the number of trials by the probability of success. For example, in 100 trials, the expected number of heads is 50, or (100 * 0.5).

    Another typical example of a binomial distribution is the estimation of chances of success in basketball for a free-throw shooter where 1 = a basket is made and 0 = a miss.

    Binomial Distribution Example

    The binomial distribution is calculated by multiplying the likelihood of success raised to the power of the number of successes and the possibility of failure raised to the power of difference between the number of successes and number of tests. Multiply the product, then, by combining the number of trials with the number of successes.

    Index

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption