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Question
Mention the properties of binomial distribution.
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Solution
Properties of Binomial distribution
1. Binomial distribution is symmetrical if p = q = 0.5, It is skew-symmetric if p ≠ q. It is positively skewed if p < 0.5 and it is negatively skewed it p > 0.5.
2. For Binomial distribution, variance is less than mean
Variance npq = (np) q < np
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