The formula to calculate binomial probability is:
\[ P(X = k) = \binom{n}{k} p^k (1-p)^{n-k} \]
Where:
Let's say the number of trials is 10, the number of successes is 3, and the probability of success on a single trial is 0.5. Using the formula:
\[ P(X = 3) = \binom{10}{3} 0.5^3 (1-0.5)^{10-3} \approx 0.117 \]
So, the binomial probability is approximately 0.117.
Binomial probability is the probability of achieving a specific number of successes in a fixed number of independent trials, with the same probability of success on each trial[^1^][^2^].