The binomial distribution is suitable when there are a fixed number of independent trials with two possible outcomes, and the probability of success remains constant. The possible values in a binomial distribution are limited to 0, 1, 2, 3, …, n (the number of trials), excluding negative values, fractions, or values greater than n.
The binomial distribution is symmetric when the probability of success equals the probability of failure, while it is skewed left when the probability of success is greater than 0.5, and skewed right when the probability of success is less than 0.5.