Final answer:
A binomial experiment has a fixed number of trials and two possible outcomes: success and failure. Examples of binomial experiments include flipping a coin, rolling a die, or conducting surveys with yes/no questions.
Step-by-step explanation:
A binomial experiment has two required characteristics:
There are a fixed number of trials (denoted as n).
There are only two possible outcomes for each trial, which are labeled as success and failure. The probability of success is denoted as p, and the probability of failure is denoted as q.
Examples of binomial experiments include flipping a coin, rolling a die, or conducting surveys with yes/no questions.