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Jonas bought a new leather jacket after saving for many months for the luxury purchase.On the first day he went out wearing the new garment,he found a $50 bill on the sidewalk outside of his office.He now refers to the jacket as his "lucky jacket" and believes that it has some magical power to give him good fortune.Jonas's belief in the jacket's cosmic ability is an example of
Binomial Random Variable
A type of random variable that represents the number of successes in a fixed number of binary experiments.
Binomial Experiment
A statistical experiment that fits the binomial distribution; characterized by fixed number of trials, two possible outcomes per trial, independent trials, and constant probability of success.
Trials
In statistics and research, trials refer to individual attempts or experiments conducted to test a hypothesis or observe outcomes.
Poisson Distribution
A discrete frequency distribution that expresses the probability of a given number of events happening in a fixed interval of time or space.
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