Asked by Jennie
Could anyone explaint to me what role the Binomial Theory plays in statistics and probability?
Using statistics, we can make statements about a population based on sample data. Probability helps us make those statements. The binomial theory can be used to determine probabilities of certain events occurring and can also be used to approximate a normal distribution under certain circumstances.
Using statistics, we can make statements about a population based on sample data. Probability helps us make those statements. The binomial theory can be used to determine probabilities of certain events occurring and can also be used to approximate a normal distribution under certain circumstances.
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