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Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given set of parameters or conditions.
Negatively Skewed
Negatively skewed, in statistics, describes a distribution of data where the tail is longer on the left side of the distribution curve, indicating that the bulk of the values lie to the right.
Positively Skewed
A statistical distribution characterized by a longer tail on the right side, indicating that the bulk of the values lie to the left of the mean.
Probability Density Function
A function that describes the relative likelihood for a continuous random variable to occur at a particular point.
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