The Binomial Experiment and the Binomial Formula

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      Lesson summary:

      The video teaches about binomial probability distribution which refers to the probability of success or failure in an experiment that is repeated multiple times. The experiment must satisfy four conditions, including fixed number of trials, only two possible outcomes (success or failure), constant probability of success for every trial, and independence of each trial. The video provides an example of calculating the probability of getting exactly one head in three coin flips and shows how the experiment satisfies the four conditions of a binomial experiment.

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