Binomial distribution

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Poisson Distribution, Binomial Distribution, Statistics Math, Business Statistics, Central Powers, Excel Shortcuts, Statistical Analysis, One Picture, Data Analytics

There are a few key differences between the Binomial, Poisson and Hypergeometric Distributions. These distributions are used in data science anywhere there are dichotomous variables (like yes/no, pass/fail). This one picture sums up the major differences. References Black, K. (2016). Business Statistics for Contemporary Decision Making. John Wiley & Sons. Binomial Distribution Hypergeometric Distribution Poisson Distribution Random Variables The… Read More »Difference between Binomial…

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