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A binomial distribution is a statistical probability distribution that summarizes the likelihood that a value will take one of two independent values.
Using Excel is a great way to perform what-if analysis, and formulas generating random values that make sense for your forecasting help present a variety of outcomes for analysis.
For the binomial distribution, the response is the binomial proportion Y = events/ trials. The variance function is , and the binomial trials parameter n is regarded as a weight w. If a weight ...
A discrete distribution is a statistical probability distribution that represents the possible discrete values a variable can take.