Bernoulli Trial:A Bernoulli trial is a statistical experiment with only two possible outcomes, typically labeled as 'success' and 'failure,' with a fixed probability of success for each trial.
Binomial Distribution:The binomial distribution is a probability distribution that describes the number of successes in a fixed number of independent Bernoulli trials, where each trial has only two possible outcomes: success or failure.
Probability of Success:The probability of success is the likelihood of obtaining a successful outcome in a Bernoulli trial, typically denoted as 'p'.