Statistics interview question: What are the five requirements of a binomial distribution?

The binomial distribution is one of the most popular distributions in the field of statistics. In order to understand the binomial distribution, it is first necessary to understand binomial experiments.

The binomial experiment

A binomial experiment has the following properties:-

1. The experiment consists of n repeated trials.
2. Each trial has only two possible outcomes.
3. The probability of success, p, is the same for each trial.
4. Each trial is independent.

Perhaps the most common example of a binomial experiment is where a coin is tossed ten times because:-

1. The experiment consists of ten repeated trials.
2. Each trial has only two possible outcomes, being heads or tails, being success or failure.
3. The probability of success is the same for each trial, being 0.5 in this instance.
4. Each trial is independent because each coin flip does not affect the outcome of any other coin flips.

The binomial distribution

The binomial distribution was invented by Swiss mathematician Jacob Bernoulli in a proof published…