How does the Bernoulli Trials Calculator work?
Free Bernoulli Trials Calculator - Given a success probability p and a number of trials (n), this will simulate Bernoulli Trials and offer analysis using the Bernoulli Distribution. Also calculates the skewness, kurtosis, and entropy
This calculator has 2 inputs.
This calculator has 2 inputs.
What 3 formulas are used for the Bernoulli Trials Calculator?
What 9 concepts are covered in the Bernoulli Trials Calculator?
- bernoulli trials
- Repeating an experiment using a bernoulli distribution
- expected value
- predicted value of a variable or event
E(X) = ΣxI · P(x) - kurtosis
- statistical measure describing the distribution, or skewness, of observed data around the mean. Also referred to as the volatility of volatility
- mean
- A statistical measurement also known as the average
- median
- the value separating the higher half from the lower half of a data sample,
- probability
- the likelihood of an event happening. This value is always between 0 and 1.
P(Event Happening) = Number of Ways the Even Can Happen / Total Number of Outcomes - skewness
- measure of the asymmetry of the probability distribution of a real-valued random variable about its mean
- trial
- a single performance of well-defined experiment
- variance
- How far a set of random numbers are spead out from the mean
Example calculations for the Bernoulli Trials Calculator
Bernoulli Trials Calculator Video
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