Binomial
Discrete distribution for number of successes in trials.
Parameters
Probability: Probability of success.
Trials: Number of trials.
Applications
Applied in estimating customer conversion probabilities, quality control pass/fail rates, and modeling success in repeated sales attempts.
To integrate Monte Carlo samples in your scenarios, see the Scenarios - Monte Carlo module.
Outputs
Plot: Histogram of the distribution with selected Confidence Interval.
Data: Confidence Intervals, Summary Statistics and Percentiles. See a sample output.
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