Final answer:
A binomial experiment is a statistical experiment with fixed trials, two outcomes, and independent conditions. A binomial expansion is a way of expressing an algebraic quantity as a sum of infinite terms. They are related but have different contexts.
Step-by-step explanation:
A binomial experiment and binomial expansion are related concepts in mathematics.
A binomial experiment is a statistical experiment with three characteristics: a fixed number of trials, two possible outcomes (success and failure), and independent and identical conditions for each trial. The outcomes of a binomial experiment fit a binomial probability distribution.
A binomial expansion, on the other hand, is a way of expressing an algebraic quantity as a sum of an infinite series of terms. It is used to approximate values in some cases, where most terms in the expansion become very small. The binomial expansion is closely related to the binomial theorem, which provides a formula for expanding binomial expressions.