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The power binomial distribution: a flexible (two‐parameter) finite probability distribution
Author(s) -
Fisher N. I.
Publication year - 2002
Publication title -
applied stochastic models in business and industry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.413
H-Index - 40
eISSN - 1526-4025
pISSN - 1524-1904
DOI - 10.1002/asmb.472
Subject(s) - binomial distribution , negative binomial distribution , binomial (polynomial) , mathematics , generalization , flexibility (engineering) , distribution (mathematics) , dispersion (optics) , beta binomial distribution , power (physics) , statistics , mathematical analysis , poisson distribution , physics , quantum mechanics , optics
This note presents a two‐parameter generalization of the Binomial distribution that provides flexibility in simulating discrete finite distributions. The two parameters may be interpreted directly as location and dispersion, making the power binomial family suitable for simulating the sorts of samples that arise in certain forms of customer satisfaction surveys. Copyright © 2002 John Wiley & Sons, Ltd.