Probability Distributions

Negative Binomial Distribution

In the Negative Binomial Distribution, we are interested in the number of Failures in n number of trials. This is why the prefix “Negative” is there. When we are interested only in finding number of trials that is required for a single success, we called it a Geometric Distribution.

expected value formula

Expected Value

Expected Value is the average value we get for a certain Random Variable when we repeat an experiment a large number of times. It is the theoretical mean of a Random Variable. Expected Value is based on population data. Therefore it is a parameter.