What is a binary distribution?
Use it to talk about events where there are two outcomes (yes/ no)
Often use 1 and 0 to represent these outcomes
What is a binary distribution also known as?
Bernoulli distribution
How do you find the mean of a binary distribution?
Do example on slide 274…
Use formula (under discrete distributions)
Times each value by the probability of getting that value and sum
How do you find the variance of a binary distribution?
Do example on slide 275…
Use formula under discrete distributions
(x- mean)^2 x probability of getting that value
Do for all values and sum
What is a binomial distribution?
A collection of independent binary distributions
How do you find the mean and variance of a binomial distribution?
What are the three conditions for a binomial distribution?