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12 Cards in this Set

  • Front
  • Back
A ____ consists of n independent trialas of the same chance process, each resulting in a success or failure, with a probability of success p on each trial.
binomial setting
The count of X successes in a binomial setting is a ____. Its probability distribution is a ____.
binomial random variable
binomial distribution
The ____ counts the number of ways k successes can be arranged among n trials.
binomial coefficient
What is the calculation for mean of a binomial random variable?
np
The binomial distribution with n trials and probability of p success gives a good approximation to the count of successes in an SRS of size n from a large population containing proportion p of successes, This is true as long as sample size n is no more than ____ of the population size N.
10%
A ____ consists of repeated trials of the same chance process in which each trial results in a success or failure, trials are independent, each trial has the same probability p of success, and the goal is to count the number of trials until the first success.
Geometric setting
If Y = the the number of trials required to obtain the first success, then Y is a ____. Its probability is called a ____.
geometric random variable
geometric distribution
What is the formula for a geometric random variable X?
X= 1/p
The number of times the outcome of interest occurs in a fixed number of repetitions is called a ____.
binomial random variable
The number of repetitions it takes for the outcome of interest to occur is a ____.
geometric random variable
What is BINS? What does it stand for ?
Condition for a binomial setting:
Binary - result is classified as a success or failure
Independent
Number - number of trials must be fixed in advance
Success - the probability p of success must be the same
What is BITS? What does it stand for?
Condition for a geometric setting:
Binary - result is classified as a success or failure
Independent
Trials - goal is to count the number of trials until first success
Success - the probability p of success must be the same