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binomial probability formula statistics definition. And now let me go to paste and this is actually going to type in exactly what we had before. Probability of success 05 probability of failure 05 1.
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The following notation is helpful when we talk about binomial probability. Probability of success 05 probability of failure 05 1. That is Success S or Failure F.
We have only 2 possible incomes.
N number of experiment. Trials n must be a whole number greater than 0. P Probability of Success in a single experiment. We have only 2 possible incomes.
