A binomial distribution is a statistical probability distribution that summarizes the likelihood that a value will take one of two independent values.

SIAM Journal on Applied Mathematics, Vol. 21, No. 4 (Dec., 1971), pp. 501-513 (13 pages) A generalized negative binomial (GNB) distribution with an additional parameter β has been obtained by using ...

Incorporating Probabilities The basic method of calculating the binomial options model is to use the same probability each period for success and failure until the option expires.

A popular way to model overdispersed count data, such as the number of falls reported during intervention studies, is by means of the negative binomial (NB) distribution. Classical estimating methods ...

After setting these two values, the applet displays the resulting binomial distribution of the number of successes. The applet can also display probabilities, obtained by clicking the buttons "Find ...