Statistics Terms

Question 1

Bernoulli Trial

Answer 1

• There are two outcomes (success/failure)
• The probability of success is constant
• Independent trials (or 10% condition)

Question 2

Geometric Models

Answer 2

• There are two outcomes (success/failure)
• The probability of success is constant
• Independent trials (or 10% condition)
• Models in which we continue UNTIL we get a success

Question 3

Binomial models

Answer 3

• There are two outcomes (success/failure)
• The probability of success is constant
• Independent trials (or 10% condition)
• Models in which we have a SET number of trials, and we are asking questions about a certain number of successes