#distributions #statistics #math #binary #theory
- The outcome of the event need to be binary yes/no, 0 and 1, but/don't buy
- Usually the event with yes/1 is the rare event, for example: fraud
- Probability of the events sum to 1
- Example in r;
dbinom (x=0, size=200, p=0.01)what is the probability to observe a selling in 200 clicks, being a probability of sell 0.02