In this paper, we derive parameterized Chernoff bounds and show their applications for simplifying the analysis of some well-known probabilistic algorithms and data structures. The parameterized Chernoff bounds we provide give probability bounds that are powers of two, with a clean formulation of the relation between the constant in the exponent and the relative distance from the mean. In addition, we provide new simplified analyses with these bounds for hash tables, randomized routing, and a simplified, non-recursive adaptation of the Floyd-Rivest selection algorithm.

In this paper, we derive simplified Chernoff bounds with powers-of-two probabilities, and we show their uses in analyzing probabilistic algorithms.