If you're looking for options with a high probability of success, you've come to the right place. You'll find strategies to increase your odds of success with Bernoulli distributions, options with a high probability of success, and even Bernoulli distributions that have high success rates. If you're not sure which strategy to use, consider doubling down on a single channel or strategic approach. You can double down on either if you have a high probability of success with each one.
Bernoulli distributions have high probability of success
For example, a coin flip that is conducted with a Bernoulli distribution has a 50% chance of landing on heads or tails. By contrast, a biased coin flip results in a 0.6/0.4 probability of landing on heads or tails. This is a highly biased distribution, meaning that the chances of the outcome are lower than the probability of success. Regardless, a Bernoulli distribution is very helpful for predicting outcomes in a variety of applications.
The Bernoulli distribution is a discrete probability distribution, with only two outcomes - success and failure - for any given trial. The probability of success (p) is the number of heads, while the probability of failure (q) is the number of tails, or a n-fold spread. In real life, a coin toss or similar discrete event will follow the Bernoulli distribution with high probability of success.