Application of Binomial Distribution in Business
Trevor knows a sporting goods store has a 60% chance of grossing $850 or more on any given day. This fact is used to calculate probabilities about the next 20 days. It is a binomial distribution!
Trevor knows a sporting goods store has a 60% chance of grossing $850 or more on any given day. This fact is used to calculate probabilities about the next 20 days. It is a binomial distribution!