What are the necessary conditions for a Binomial Distribution?
The three most important characteristics of a Binomial Distribution are listed below.
* The number of observations must be prearranged. In other words, one can only determine the probability of an event happening a specific number of times if a fixed number of trials are performed.
* It is important that each trial is independent of the others. This means that the probability of each subsequent trial should not be affected by previous trials.
* The chance of getting the job remains the same no matter how many times you try.
