One of the most elementary and useful discrete random variable is associated with the coin-tossing experiment. In the experiment, either one coin is tossed ‘n’ times or ‘n’ coins are tossed once. The observation ‘head or tail’ is recorded for each toss. Numerous experiments of practical importance in social sciences, physical sciences and industry resemble with the coin-tossing experiment.
The binomial distribution has three significant attributes. They are arithmetic mean, standard deviation and pattern or shape of the distribution.
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