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Here we show some examples of binomial experiments. But before we do so, what is a binomial experiment? When an experiment satisfies the following four conditions, the experiment is called a binomial experiment. Now, we will show a couple of good examples of binomial experiments to illustrate the concept. Example #1 Consider the experiment of […]

The Poisson probability distribution is named after the French mathematician Simeon D. Poisson. Suppose there is a power outage in an apartment complex 3 times a year. You may want to find the probability that there will be exactly 2 power outage next year. This is an example of a Poisson probability distribution problem. Each […]