Binomial Distribution
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 PMF is :
Binomial Coefficient
If n is the number of objects in a set and k is the subset. The binomial coefficient is
where we read this as "
Properties
Relationship
- You can have a normal approximation Normal Distribution to the binomial theorem (under specific conditions) through the
- The distribution converges to a Poisson Distributions as n increases, p goes to infinity, and np approaches
Confidence interval
Interesting article about not using Wald: https://www.econometrics.blog/post/don-t-use-the-textbook-ci-for-a-proportion/