Binomial Probability Distribution
Only two outcomes – fixed number of trials – independent events
,
Where: is the probability of success, is the probability of failure and is the number of trials.
and
Bernoulli Probability Distribution
Only two outcomes 0 and 1.
,
Where: is the probability of success, is the probability of failure.
Geometric Probability Distribution
Number of trials until FIRTS SUCCESS.
Where: is the probability of success and is the probability of failure.
Negative Binomial Probability Distribution
How many trials for successes. I.e. number of trials where 2nd, 3rd etc. success will occur.
,
Where: is the probability of success, is the probability of failure and is the numer of successes.
Hypergeometric Probability Distribution
Conditional probability of a selection. Thus trials are not independent.
E.g. Bag with 4 red and 7 green tokens, thus . Randomly select without replacement. Number of red tokens . Probability of selecting 1 red:
Poisson Probability Distribution
Number of successes in a time interval.
is the mean number of successes per interval. .
The Poisson probability distribution can be used to approximate the binomial probability distribution for large and small .