MBA 501 Discussion 9

# MBA 501 Discussion 9

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A binomial distribution must meet these four requirements

1. A fixed number of tests

2. Each test must be independent

3. There can be only two results (Success or Failure)

4. No test has any impact on any other test.

The Poisson and Binomial distributions are discrete "counting" distributions. The regular probability distributions (not sampling distributions) are generally skewed, not symmetric like the normal distribution (which by the way is continuous, not discrete). The Binomial distribution assumes a predetermined number of trials, but the Poisson has no upper limit of possible successes. This is why limits are used to show the relationship between the two distributions.

The normal distribution has a bell curve as its probability distribution. Many practical real-world...

MBA 501
Ash

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Excerpt from file: A binomial distribution must meet these four requirements 1. A fixed number of tests 2. Each test must be independent 3. There can be only two results (Success or Failure) 4. No test has any impact on any other test. The Poisson and Binomial distributions are discrete "counting" distributions. The

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