Determine the failure rate in batches
A binomial experiment is a statistical experiment that has the following properties:
- The experiment consists of n repeated trials.
- Each trial can result in just two possible outcomes. We call one of these outcomes a success and the other, a failure.
- The probability of success, denoted by P, is the same on every trial.
- The trials are independent; that is, the outcome on one trial does not affect the outcome on other trials.