The binomial distribution describes the number of successes in a fixed number of binary trials. A binomial experiment has the following properties: it consists of n independent and identical trials, each resulting in either success or failure. The probability of success p is the same for each trial. The random variable X represents the number of successes, which follows a binomial distribution with parameters n and p. The mean of the binomial is np and the standard deviation is npq, where q is 1 - p. For large n, the binomial can be approximated by a normal distribution.