The participant wants to calculate the probability of this occurring, and therefore, they use the calculation for binomial distribution. The probability was calculated as (20! / (6! × (20 - 6)!)) ...

In finance, we use probability distributions to draw ... magically their sum will tend toward the familiar normal distribution. The binomial distribution reflects a series of "either/or" trials ...

When you specify the BINOMIAL option in the TABLES statement, PROC FREQ computes a binomial proportion for one-way tables. This is the proportion of observations in the first variable level, or class, ...

This study extends the Poisson binomial distribution by introducing correlation and dependence between binomial events, enhancing its ability to capture complex event types and improving model ...