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More than 50 percent of all pirate attacks in recent years have involved petroleum tankers.
Random Variable
A statistical variable whose outcomes are numeric and result from unpredictable events.
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states across a number of trials.
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.
Discrete Probability
Discrete probability involves probability distributions that deal with discrete random variables, which are variables that have specific, countable outcomes, such as rolling a die or flipping a coin.
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