Binomial Distribution Variance Formula

The Binomial Distribution: Mathematically Deriving the Mean and Variance

I derive the mean and variance of the binomial distribution. I do this in two ways. First, I assume that we know the mean and variance of the Bernoulli distribution, and that a binomial random variable is the sum of n independent Bernoulli random variables. I then take the more difficult approach, where we do not lie on this relationship and ...

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