represents a binomial process with event probability p.
- BinomialProcess is a discrete-time and discrete-state process.
- BinomialProcess at time n is the number of events in the interval 0 to n.
- The number of events in the interval 0 to n follows BinomialDistribution[n,p].
- The times between events are independent and follow GeometricDistribution[p].
- BinomialProcess can be used with such functions as Mean, PDF, Probability, and RandomFunction.
Introduced in 2012