The binomial coefficient \({n\choose k}\) is a key component in calculating binomial probabilities. It represents the number of ways to choose \(k\) successes from \(n\) trials. Mathematically, it is expressed as:\[{n\choose k} = \frac{n!}{k!(n-k)!}\]In simpler terms, it is the number of combinations possible, not considering the order of the outcomes. For example, to calculate \({7\choose 4}\), which is needed for finding \(P(X=4)\), you compute using factorials:
- Factorial of 7: \(7!\)
- Factorial of 4: \(4!\)
- Factorial of 3: \(3!\)
Applying the formula, you get the number of combinations as 35. Binomial coefficients are essential in determining probabilities in a binomial distribution.