A Bayesian network is a probabilistic graphical model that represents conditional dependencies among random variables using a directed acyclic graph. It consists of nodes representing variables and directed edges representing causal relationships. Each node contains a conditional probability table that quantifies the effect of its parent nodes on that variable. Bayesian networks can be used to calculate the probability of events occurring based on the network structure and conditional probability tables, such as computing the probability of an alarm sounding given that no burglary or earthquake occurred but two neighbors called.