What is the binomial probability formula?
1342 - Final Review Questions - Test #2

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Mathematics
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1.
FLASHCARD QUESTION
Front
Back
The binomial probability formula is P(X = k) = (n choose k) * p^k * (1-p)^(n-k), where n is the number of trials, k is the number of successes, and p is the probability of success.
2.
FLASHCARD QUESTION
Front
What does a standard deviation measure in a probability distribution?
Back
Standard deviation measures the amount of variation or dispersion of a set of values. A low standard deviation indicates that the values tend to be close to the mean, while a high standard deviation indicates that the values are spread out over a wider range.
3.
FLASHCARD QUESTION
Front
How do you calculate the standard deviation for a binomial distribution?
Back
The standard deviation for a binomial distribution is calculated using the formula: σ = √(n * p * (1 - p)), where n is the number of trials and p is the probability of success.
4.
FLASHCARD QUESTION
Front
What is a discrete probability distribution?
Back
A discrete probability distribution is a statistical distribution that describes the likelihood of outcomes of a discrete random variable, which can take on a countable number of values.
5.
FLASHCARD QUESTION
Front
What does it mean for a probability to be 'at most' a certain value?
Back
'At most' means that the probability includes all outcomes that are less than or equal to that value.
6.
FLASHCARD QUESTION
Front
What is the significance of the cumulative distribution function (CDF)?
Back
The cumulative distribution function (CDF) gives the probability that a random variable is less than or equal to a certain value, providing a way to understand the distribution of probabilities.
7.
FLASHCARD QUESTION
Front
What is the probability of exactly one success in a binomial distribution?
Back
The probability of exactly one success in a binomial distribution can be calculated using the binomial probability formula with k=1.
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