The value of probability and statistics in the field of data science has been immense, with artificial intelligence and machine learning relying heavily on them. We are using process models of normal distribution every time we conduct A/B testing and investment modeling.
However, the binomial distribution in Python gets applied in multiple ways to carry out several processes. But, before getting started with binomial distribution in Python, you need to know about binomial distribution in general and its use in everyday life.
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