Binomial Distribution
We will cover following topics
Introduction
The binomial distribution is a fundamental concept in probability theory that models the outcomes of a series of independent and identical trials. These trials are characterized by two possible outcomes: success or failure. The binomial distribution provides insights into the probabilities of obtaining a specific number of successes in a fixed number of trials. This chapter explores the properties, formula, and real-world applications of the binomial distribution.
Properties of the Binomial Distribution
The binomial distribution is characterized by the following properties:
- Each trial has only two possible outcomes: success or failure.
- The probability of success remains constant across all trials.
- Trials are independent of each other.
- The distribution is discrete, as it deals with a count of successes.
Binomial Probability Formula
The probability mass function (PMF) of the binomial distribution is given by the formula:
$$P(X=k)=\left(\begin{array}{l} n \\ k \end{array}\right) \cdot p^k \cdot(1-p)^{n-k}$$
Where:
- $n$ is the number of trials
- $k$ is the number of successes
- $p$ is the probability of success in a single trial
- $1-p$ is the probability of failure in a single trial
- $\left(\begin{array}{l}n \\ k\end{array}\right)$ represents the binomial coefficient, also known as “n choose k,” and is calculated as $\frac{n !}{k ! \cdot(n-k) !}$
Example: Suppose a fair coin is flipped 5 times. What is the probability of getting exactly 3 heads?
- $n=5$ (number of trials)
- $k=3$ (number of successes)
- $p=0.5$ (probability of heads) Using the binomial formula:
$P(X=3)=\left(\begin{array}{l} 5 \\ 3 \end{array}\right) \cdot(0.5)^3 \cdot(0.5)^{5-3}$
$P(X=3)=10 \cdot 0.125 \cdot 0.125=0.3125$
Conclusion
The binomial distribution is a powerful tool for modeling outcomes in situations with a fixed number of independent trials. By understanding its properties, formula, and applications, you gain the ability to analyze and make predictions about various real-world scenarios. Whether in quality control, finance, biology, or marketing, the binomial distribution provides valuable insights into the probabilities of success and failure, enabling informed decision-making.