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 ...

Second, the binomial distribution assumes that we know the intrinsic probability of an event occurring, as we would with a dice roll or coin flip. But we never really know what a baseball player’s ...

The number of jackpot winners in a lottery is a textbook example of a binomial distribution, a formula from basic probability theory. If we repeat some probabilistic process some number of times ...

C. Radhakrishna Rao, A Natural Example of a Weighted Binomial Distribution, The American Statistician, Vol. 31, No. 1 (Feb., 1977), pp. 24-26 ...

We investigate credit portfolio tranche pricing and highlight the sensitivity of credit portfolios to dependence. The Poisson binomial distribution is extended by introducing correlation and ...

Estimating the parameter n of the binomial distribution on the basis of r independent observations has been considered sporadically over the years. Many questions regarding asymptotic and small sample ...