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Apple Computer, Inc. collected information on the age of its customers. The youngest customer was 12 and the oldest was 72. To study the distribution of the age among its customers, it can use a percentage polygon.
Binomial Distribution
A probability distribution that represents the number of successes in a fixed number of trials, each with the same probability of success.
Alpha
In statistics, it denotes the significance level used in hypothesis testing, typically set to 0.05 or 5%, representing the probability of rejecting the null hypothesis when it is actually true.
Likelihood
The probability of a particular outcome given a set of parameters within a statistical model.
Binomial Variable
A type of discrete variable that can take one of two independent values, often representing success or failure in an experiment.
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