We use Binomial Expansion to expand a binomial expression (which is nothing but an algebraic expression involving only 2 terms) when it has been raised to some positive integral power (generally when it is inconveniently large). It can be formally expressed as:-
where
We use Binomial Distribution to find the probability of occurence of Bernoulli Trials (which are independent trials that have only 2 outcomes, like yes/no, true/false, success/failure, etc.). It can be formally stated as:-
where