The binomial distribution is a probability distribution that describes the outcomes of a fixed number of independent trials with only two possible outcomes (success or failure) and a constant probability of success. It is characterized by two parameters:
n = the number of trials, and
p = the probability of success in each trial.
To calculate the probability of obtaining k successes in n trials, we use the probability mass function(PMF) given by the formula:
\[\begin{equation} P(X = k) = {n \choose k} p^k (1-p)^{n-k} \end{equation}\] where X represents the number of successes in n trials with probability of success p. The symbol \({n \choose k}\) represents the number of ways to choose k successes from n trials, and can be calculated using the formula \({n \choose k} = \frac{n!}{k!(n-k)!}\).
This presentation provides an overview of the binomial distribution, its characteristics, applications, and importance in various fields of study.