statistics

An intuitive real life example of a binomial distribution and how to simulate it in R: Learn it once, use it everyday

Learn. It is all about success and failure. What are binomial distributions and why are they so useful? When we repeat a set of events like 10 times coin flipping and each single event in a set has two possible outcomes (head or tails) think about Binomial distributions. Each single event here is known as a Bernoulli Trial. Bi- in binomial distributions refers to the two outcomes usually described as Success or no Success.