The Binomial Distribution and Normal Approximations for large numbers of binomial experiments скачать в хорошем качестве

The Binomial Distribution and Normal Approximations for large numbers of binomial experiments

This is Episode 5 of a crash course on Probability focusing on the Applied Side, this time focusing on the Binomial Probability Distribution and Normal Approximations for large binomial experiments. Binomial events happen a lot in applied Finance, for example in credit risk or insurance claims etc., and at times, when generating large-scale simulations of binomial outcomes, the normal distribution might be preferred to approximate the binomial probabilities. Learn it here! For the files used in our channel, please visit: https://drive.google.com/drive/folder... 00:00 Intro 00:40 Toss Coin Experiment 01:24 Three (3) Tosses 02:20 Counting without Enumeration 04:10 Intuition behind the Probabilities 05:30 The Binomial Formula 05:55 Ten (10) Tosses 06:33 The Bell Curve 07:10 Normal Approximations 07:59 Worked Example for 10 Tosses 08:58 Using NORMSDIST in Excel: Solution 10:12 Summary