Question

what is the KEY principles differences between: binomial probabilities vs hypergeometric probabilities give examples

what is the KEY principles differences between:

binomial probabilities
vs
hypergeometric probabilities


give examples

Homework Answers

Answer #1

The main differences of Binomial and Hypergeometric distribution is:

  • In binomial distribution the probability of success is same for every trial. Whereas in hypergeometric distribution the probability of success changes after every trial as replacement is not made after every trial.
  • There are only two parameters in Binomial distribution: the number of trials (n) and the probability of success (p). In Hypergeometric distribution, there are three parameters: the population size (N), number of objects in the population of required feature (k) and the sample size (n).
  • In binomial distribution the trials are independent. Whereas in hypergeometric distribution the trials are not independent.
  • Binomial distribution is better be used in large population, so that the outcome of a trial has no effect on the subsequent trial. On the other hand, hypergeometric distribution should be used for small population so that the outcome of a trial has impact on the success probability of tbe next trial.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What are the key differences to the generally accepted accounting principles according to the FASB Codification...
What are the key differences to the generally accepted accounting principles according to the FASB Codification and tax guidance vs. treated for tax purposes under the Internal Revenue Code from the list below: LIFO vs. FIFO Inventory Goodwill
The main difference between hypergeometric and binomial distributions is that, with the hypergeometric distribution, the _____....
The main difference between hypergeometric and binomial distributions is that, with the hypergeometric distribution, the _____. Select one: a. trials are independent of each other b. probability of success must be less than .5 c. probability of success changes from trial to trial d. random variable is continuous
Looking at the Binomial and Hypergeometric situations, list and describe the similarities and differences in the...
Looking at the Binomial and Hypergeometric situations, list and describe the similarities and differences in the following solutions. For each of the situations below, answer the following: Referring to your criteria for selecting a probability distribution, what distribution would be used? Change the scenario so that the other distribution would be used.  For example, if it is Binomial, change to Hypergeometric. Scenario 1: Your manager at work is giving away tickets for the local Lacrosse game.  She has 10 tickets: 4 in...
What are the differences between cookies and sessions? Justify your answer and give an examples
What are the differences between cookies and sessions? Justify your answer and give an examples
What are the main differences between binomial and normal distributions? Give an engineering example for both...
What are the main differences between binomial and normal distributions? Give an engineering example for both distributions. Are there any similarities between these two distributions? Explain
Identify examples of key differences in negotiating styles and strategies between countries and/or cultures.
Identify examples of key differences in negotiating styles and strategies between countries and/or cultures.
What is the price-earnings ratio? Explain the differences between it and the dividend yield. Give examples...
What is the price-earnings ratio? Explain the differences between it and the dividend yield. Give examples of each.
Discuss the differences between an alkene and an alkane. Give two examples.
Discuss the differences between an alkene and an alkane. Give two examples.
5. Discuss the differences between an alkynes and alkanes. Give two examples
5. Discuss the differences between an alkynes and alkanes. Give two examples
What are the differences between histographs and bargraphs ?Name visual appearance and purpose , give examples...
What are the differences between histographs and bargraphs ?Name visual appearance and purpose , give examples of when one should use a histogram for the data , and when a bar graph should be used instead.