An introduction to the binomial distribution. I discuss the conditions required for a random variable to have a binomial distribution, discuss the binomial probability mass function and the mean and variance, and look at two examples involving probability calculations.
The estimated probability of a 90 year old Canadian male surviving for one year was taken from Statistics Canada life tables, which can be found at www.statcan.gc.ca/pub/84-537-x/4064441-eng.htm . The probability given in the table is the estimated probability that a randomly selected Canadian male, given survival to his 90th birthday, survives until his 91st. I simplified this explanation a little in the example in the video.