Binomial Probability

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This file explains how to calculate binomial probability and also explains how we can approximate probability for large n.

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Solution:

By using binomial distribution formula

When n is very large

Thus,

Solution:

Here n = 1000, p = 0.001

= np =1000*0.001 = 1

By using Poisson distribution

If we use binomial distribution

P(X=0) = 0.367695There is a difference in the probability calculated from both the methods.

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