Here C is the combinator function that can be translated as n. The binomial distribution is the probability distribution formula that summarizes the likelihood of an event occurs either A win B loses or vice-versa under given set parameters or assumptions. Is the symbol for factorial function.
However there is an underlying assumption of the binomial distribution where there is only one outcome is possible for each trial either success or loss.
To calculate the probability that a publisher will publish either one two or three bestsellers in a set of ten books the formula is BINOMDIST 3101TRUE which returns the value which indicates that there is roughly a 99-percent chance that a publisher will publish between one and three bestsellers in a set of ten books. The probability of a certain number of binary outcomes occurring ex. To calculate the probability that a publisher will publish either one two or three bestsellers in a set of ten books the formula is BINOMDIST 3101TRUE which returns the value which indicates that there is roughly a 99-percent chance that a publisher will publish between one and three bestsellers in a set of ten books. BINOMDIST returns probability as a decimal number between 0 and 1.