Today we’re going to discuss the Binomial Distribution and a special case of this distribution known as a Bernoulli Distribution. The formulas that define these distributions provide us with shortcuts for calculating the probabilities of all kinds of events that happen in everyday life.They can can also be used to help us look at how probabilities are connected! For instance, knowing the chance of getting a flat tire today is useful, but knowing the likelihood of getting one this year, or in the next five years, may be more useful. And heads up, this episode is going to have a lot more equations than normal, but to sweeten the deal, we added zombies!
If you want to try out some of the math from this video here is a great binomial probability calculator: http://vassarstats.net/textbook/ch5apx.html
If you’d like more information on calculating the binomial coefficient (n-choose-k) read this: http://www.statisticshowto.com/binomial-coefficient/
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