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Tag Archives: Binomial Distribution

Econometrics, Statistics

Binomial Distribution

October 21, 2012 AV 2 Comments

The binomial distribution is closely related to the Bernoulli distribution. In order to understand it better assume that $X_{1},X_{2},...,X_{n}$ are i.i.d (independent, identical distributed) variables following a Bernoulli distribution with $P(X_{i}=1)=\pi$ and $P(X_{i}=0)=1-\pi$ .

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Binomial Binomial Distribution characteristics derivation Expected Value Probability Generating Function Variance

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