Distribution - Binomial
Gist
The binomial distribution is The number of times some outcome occurs out of n independent trials, each having the same probability of “success” p.
Mathematics
The variance is:
How does it relate to other distributions?
- You can have a normal approximation Distribution - Normal to the binomial theorem (under specific conditions) through the
Transformations
To stabilize the variance
As suggested by this blog (1)
Confidence interval
Interesting article about not using Wald: https://www.econometrics.blog/post/don-t-use-the-textbook-ci-for-a-proportion/