Originally posted by sasguru
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http://en.wikipedia.org/wiki/Binomial_distribution
n=30
k=0
p=0.02 i.e. success=failure!
Pr(K=0) = binomial(n,k) * power(p,k)*power(1-p, n-k)
= 1 * 1 * power(0.98, 30) = 0.545484319
So failure is not getting the above = 0.4545
Where did you get your formula from?
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