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Use differentials to approximate .
Binomial
Pertaining to a probability distribution that models the number of successes in a fixed number of trials, with only two possible outcomes.
Normal Probability Distribution
Describes a symmetrical, bell-shaped curve where most occurrences take place at the central peak and probabilities for values taper off equally on either side.
Binomial Probability Distribution
A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters or assumptions.
Continuous Variables
Variables that can take an infinite number of values within a given range, including decimals and fractions.
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