Section 6.2Summary
- The most important discrete distribution is the binomial distribution, where two outcomes are possible, each with probability of success and independent trials.
- The probability of observing a particular number of successes can be calculated using the binomial probability distribution formula, binomial tables, or technology.
- There are formulas for finding the mean, variance, and standard deviation of a binomial random variable, . The mode is the value of with the largest probability.