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Binomial distribution in business applications

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The binomial distribution is regularly used in business applications.

Why do you think this is the case?

Can you give me two examples from a professional environment.

Can you define binomial distribution?

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This solution provides answers to questions about binomial distribution in business applications.

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The binomial distribution is quite useful for describing distributions of binomial events in companies. This is because companies deal with situations where there can eb just two ...

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