V23 - Estimation (Binary data, Proportion, Bernoulli Trials, & Normal Approx. to Binomial)

Описание: This video begins by describing binary data and the mode as a descriptive statistic for categorical data. The population proportion (parameter) and its point estimate based on Bernoulli trials are discussed, along with the definition of a Bernoulli trial. The relationship of the point estimate to the Binomial distribution is covered, along with approximating the Binomial distribution by the Normal distribution.