What is it?
The binomial probability distribution is a Statistical Distribution user in Statistics for modelling events that have discrete binomial variables, which can only take two values, positive or negative.
When applied to a series of events, with two possible outcomes, it describes the Probability of getting a certain number of successes in a series of trials.
For example, what is the probability of getting 4 heads in 10 coin tosses? We can easily plot the binomial distribution using SciPy and Python:
Bernoulli trials and its assumptions
Each coin toss in the past example can be referred as a Bernoulli trial. In reality, each event of a binomial distribution is a Bernoulli trial, which in itself makes some assumptions to properly model the events.
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There must be only two possible outcomes. If the **success rate is , then the failure rate is .
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Each outcome must have a fixed probability of occurring.
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Each trial is completely independent of all others.
Modelling non-independent events
Binomial distribution experiments are made with replacement so each event is independent from one another. For modelling non-independent events, one can use the Hypergeometric distribution.
Calculating the probability
Given the number of successes , number of trials , probability of success , and probability of failure , one could use the Probability Mass Function of the binomial distribution to calculate the distribution of a experiment:
Because the average always tend to , the mean of the binomial probability distribution is , and Variance is .