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The Variance for the Binomial Probability Distribution Is

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The variance for the binomial probability distribution is


Definitions:

Combinations

The selection of items from a larger set where order does not matter.

Distribution

The way in which values in a dataset are spread or dispersed across the range of data points.

Kurtosis

The quality of a distribution that defines how flat or peaked it is.

Positively Skewed

A description of a distribution that has a tail extending to the right, indicating a concentration of values on the lower end.

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