Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Binomial Distribution
Binomial distribution was discovered by swiss mathematician James Bernonulli, so this distribution is called as Bernoulli distribution also, this is a discrete frequency distribution.
Assumptions of a binomial Distribution
1. The random experiment is performed repeatedly with a fixed and finite number of trials. N is denoted by number of trials.
2. There are two mutually exclusive possible outcomes on each trial which are known as success and failure success is denoted by whereas failure is denoted by q, and p+q = 1 or q=1-p1.
3. The outcomes of any given trial does not affect the outcomes on subsequent trials means the trials are independent.
4. The probability of success and failure (p&q) remains constant from trial to trial. If in any distribution the p& q does not remain constant that distribution cannot be a binomial distribution, For example the probability of getting head must remain the same in each toss i.e. ½ similarly the probability of drawing 4 balls from a bag containing 6 red and 10 white balls does not change in successive draws with replacement, hence it will be called as binomial distribution .But in contrary to this, if balls are not replaced after each trail then it will not be a binomial distribution.
5. If all above assumptions are satisfied , the probability of exactly r successes in n trials is given by
6. P(n=r)=n crprqn-r
Features of index numbers
The following are the various types of common averages used in statistical analysis given in the form of a chart. Figure 1
TYPE I AND II Errors If a statistical hypothesis is tested, we may get the following four possible cases: The null hypothesis is true and it is accepted; The
2 bidders have identical valuations of an object for sale. The value of the object is either 0; 50 or 100, with equal probabilities. The object is allocated to one of the bidders i
We are interested in assessing the effects of temperature (low, medium, and high) and technical configuration on the amount of waste output for a manufacturing plant. Suppose that
Properties of correlation
Lorenz Curve It is a graphic method of measuring dispersion. This curve was devised by Dr. Max o Lorenz a famous statistician. He used this technique for wealth it i
Circles or Pie Diagram: Circles or pie diagrams are alternative to squares. These are used for the same purpose i.e. when the values are differing widely in their magnitude
The calculations of arithmetic mean may be simple and foolproof, but the application of the result may not be so foolproof. An arithmetic mean may not merely lack
Formation of Continuous Frequency Distribution: Continuous frequency distribution is most popular in practice. With reference to the formation of this type of frequency distr
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd