Is there a better alternative than binomial probability distribution?
I've got a significant core population (1.3MM), along with the probability of an event occurring within that population (p of a person making a purchase at a specific store across NA vs. purchases made at any store across NA). Because there are so many stores, the p for any specific merchant is extremely low (<0.1%).
I've also got a defined sample population that is very small and cannot be increased (~50 people). Performing binomial analysis is proving to be too sensitive, because every store in the sample of 50 is well outside the normal population with a single event.
Is there another method that could be used that might be more suitable?
Thanks,