c(n,k), also known as the binomial coefficient, represents the number of ways to choose k successes in n independent Bernoulli trials. It is a fundamental concept in combinatorics and plays a crucial role in calculating probabilities in a binomial distribution, where the outcomes are either success or failure. The value of c(n,k) is computed using the formula $$c(n,k) = \frac{n!}{k!(n-k)!}$$, which showcases how combinations are derived from the total possible outcomes.