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 :

P(X=k)=(nk)pk(1p)nk,k=0,1,,n.

Binomial Coefficient

If n is the number of objects in a set and k is the subset. The binomial coefficient is

(nk)=n!(nk)!k!,

where we read this as "n choose k"

Properties

Relationship

  1. You can have a normal approximation Normal Distribution to the binomial theorem (under specific conditions) through the
  2. The distribution converges to a Poisson Distributions as n increases, p goes to infinity, and np approaches λ

Confidence interval

Interesting article about not using Wald: https://www.econometrics.blog/post/don-t-use-the-textbook-ci-for-a-proportion/

References

  1. http://stratigrafia.org/8370/rtips/proportions.html