Binomial Distribution

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A binomial distribution is a way to get confidence in aggregate data. It is a way to tell the probability of a result happening as compared to all the other possible results.

\(P(data|success rate)\) - Reads: probability of data being true given the success rate

\(P(48(1), 2(0) | s = 0.95))\) or \({50 \choose 48}{(0.95)^{48}}{(1 - 0.95)^2}\) - Reads: 50 choose 48 and represents the number of ways you could arrange 50 slots w/ only 2 of them different than the others.

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