Buy Dideo Subscription
Statistics 101: The Binomial Distribution. In this video, we learn the basics of the binomial distribution using the simple sales performance data of two salespersons. Given a fixed success rate and call volume, what is the probability of closing a certain number of sales per day? We use our knowledge of basic discrete probability distributions, the binomial experiment, and a second example involving quality control to explore this very important concept. Enjoy! My playlist table of contents, Video Companion Guide PDF documents, and file downloads can be found on my website: https://www.bcfoltz.com
