Inferences about Binomial distribution parameters

A binomial distribution arises when an experiment consists of a fixed number of repeated trials; each trial has two possible outcomes; the probability of the outcome is the same for each trial; and the trials are independent, that is, the outcome of one trial does not affect the outcome of other trials.

• Binomial distribution parameter estimate
  A parameter estimate is either a point or interval estimate of an unknown population parameter.
• Binomial distribution parameter hypothesis test
  A hypothesis test formally tests if a population parameter is equal to a hypothesized value. For a binomial distribution, the parameter is the probability of success, commonly referred to as the proportion with the outcome of interest.