The binomial distribution is a subtype of the multinomial distribution. In finance, the multinomial distribution can be used to estimate the probability of a set of occurrences and analyze the ...

Journal of Applied Probability and Advances in Applied Probability have for four decades provided a forum for original research and reviews in applied probability, mapping the development of ...

The binomial distribution is a way to test the probability that a particular outcome will result in a particular number of trials when we know the underlying probability of an event. For example, the ...

Let F be the gamma distribution function with parameters a > 0 and $\alpha > 0$ and let Gs be the negative binomial distribution function with parameters α and a/s, s > 0. By combining both ...

Given that, according to Add Health, only 24.7% of Caucasian Americans have blue eyes, the exact binomial probability that this can happen by chance is .000919, less than one in a thousand.