Bernoulli Distribution — The Distribution Behind Every Yes-or-No Decision
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Bernoulli Distribution — The Distribution Behind Every Yes-or-No Decision
Not every problem in statistics has dozens of possible outcomes. Sometimes there's just one trial with two possible outcomes: success, or failure. We cover the Bernoulli Distribution — why success/failure get labeled 1/0, why success doesn't have to be 50%, why the whole distribution needs only one parameter p, and the PMF formula P(X=1)=p ...
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