Bionomial expectation financial definition of Bionomial expectation
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Binomial Distribution

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Related to Bionomial expectation: Bernoulli distribution

Binomial Distribution

The distribution of successes and failures of a certain number of Bernoulli trials. A Bernoulli trial is a test in which there are precisely two random outcomes: success and failure. For example, if one is testing whether flipping a coin will result in heads, the two outcomes are yes (success) or no (failure). A binomial distribution, then, would be the number of heads compared to the number of tails in a given number of flips. It is also called a Bernoulli distribution.
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