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The Binomial Distribution Deals with Consecutive Trials,each of Which Has

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The binomial distribution deals with consecutive trials,each of which has two possible outcomes.


Definitions:

Regression Equation

An equation that describes the relationship between a dependent variable and one or more independent variables.

Two-Day Revenues

The total amount of money earned or received by a business or entity over a period of two days.

Daily Indexes

Financial indicators that track the performance of a portfolio of selected stocks or assets, recalculated daily.

Regression Trend Line

A line graphed in scatter plot data to represent the average direction of the data points and understand the relationship between variables.

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