Question

Consider the four characteristics of a Binomial experiment . Give an example of a binomial experiment in the real world (and how these characteristics are present), and its application to a business research problem

Answer 1

solution :

binomial experiment :

A binomial experiment is a statistical experiment that has the following properties: The experiment consists of n repeated trials. Each trial can result in just two possible outcomes. We call one of these outcomes a success and the other, a failure.

examples for binomial experiment :

Flipping a coin a hundred times to perceive what number of arrive on heads.

Inquiring as to whether they have ever been to Paris.

Moving two bones to check whether you get a two fold.

examples for binomial distribution in real world:

There are many, numerous superb precedents — and keeping in mind that alternate answers here (up until now) are a begin, I think they missed some extremely unmistakable, evident cases:

A diagram of stature for grown-up guys in some random nation, or grown-up females in some random nation, will pursue a binomial dissemination (the popular "ringer bend") perfectly, in which the bend is high around the normal and after that decreases in either course. Precisely as the binonmial dispersion predicts, there will be a couple of "anomalies"… individuals especially above or underneath normal, however their numbers will be to a great degree little, moving toward zero as you make tracks in an opposite direction from the normal.

An outline of IQ for individuals of some random age will likewise have a tendency to have a binomial dispersion… once more, demonstrating the celebrated "chime bend," which swells around the center. Despite the fact that graphing an alternate wonders, it will have a tendency to have indistinguishable scientific properties from stature diagrams.