Binomial trials are a series of experiments where each trial has two possible outcomes: success or failure. They are characterized by a fixed number of trials, independent events, and constant probability of success.
Binomial Distribution: A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters.
Independent Events: Two or more events that do not influence each otherโs outcomes.
Probability Mass Function (PMF): A function that gives the probability that a discrete random variable is exactly equal to some value.