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The binomial distribution gives the frequencies of "successes" in a fixed number of independent "trials". Use this tag for questions about data that might be binomially distributed or for questions about the theory of this distribution.
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When to use (and not use) the rule of three
The rule of three in statistics states that if an event is binomially distributed and does not occur with in $n$ trials the maximum chance of it occurring is approximately $3/n$. Suppose we have a ro …