Wealthiestcorner on Instagram: "Binomial distribution demystified in simple terms. It counts the number of successes in a fixed number of independent yes/no trials, each with the same probability of success. Think of it as perfect for situations like coin flips, product defects, or survey responses where outcomes are binary. One simple example: flipping a fair coin 5 times and finding the probability of getting exactly 3 heads. Mastering this unlocks predictions for countless real-world scenario

Multiplication & Addition Rule - Probability - Mutually Exclusive & Independent Events