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.
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
