Statistics 101: The Binomial Distribution

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! For my complete video library organized by playlist, please go to my video page here:

http://www.youtube.com/user/BCFoltz/videos?flow=list&view=1&live_view=500&sort=dd

Видео Statistics 101: The Binomial Distribution канала Brandon Foltz