binomial variable

a variable for which there are only two outcomes, typically designated 0 and 1, with each possible outcome having a specified likeliness of being observed. Flipping a coin is an example, as it may land on either heads or tails. See also binomial distribution.

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Psychology term of the day

May 9th 2024

ordinate

n. the vertical coordinate in a graph or data plot; that is, the y-axis. See also abscissa.