Discrete Counting Distributions: Binomial, Negative Binomial, Hypergeometric
Free SOA Exam P (Probability) lesson in Univariate Random Variables. 12 min read, ~1,752 words.
Binomial( ): successes in independent trials at constant.,. Hypergeometric: successes when drawing WITHOUT replacement from items containing successes.; the variance carries a finite-population correction. Negative binomial( ): failures before the -th success.,. Geometric is. Key-word test: with replacement (or huge population) is binomial; without replacement from a finite population is...
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What this lesson covers
- Content
- Example 1
- Example 2
- Example 3
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 2a
- 2b
- 2c
- 2d
- 2e
- 2f
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