Let's see what binomial distribution is?
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Let's see what binomial distribution is?
Binomial distribution is a probability distribution that describes the number of successes in a fixed number of independent trials, where each trial has the same probability of success. It is used to model situations where there are only two possible outcomes, such as success or failure, heads or tails, or yes or no. The distribution is characterized by two parameters: the number of trials, denoted by n, and the probability of success, denoted by p. The binomial distribution is commonly used in fields such as statistics, genetics, and economics, among others.
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