Remember that “bi” means two, so a binomial variable is a variable that can take on exactly two values. A coin is the most obvious example of a binomial variable because flipping the coin can only result in two values: heads or tails.
Read MoreShifting the data set by a constant k means adding k to every value in the data set, or subtracting k from every value in the data set. On the other hand, scaling the data set by a constant k means multiplying or dividing every value in the data set by k.
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