The document discusses the binomial distribution and its key properties: 1) Outcomes are success or not success, with a fixed probability of success. 2) The number of trials is fixed. 3) Trials are independent. It provides the mean and standard deviation formulas, and explains how to calculate the probability of a binomial event occurring exactly, at least, or at most a certain number of times using the binomial probability formula. An example calculates the probability of a team winning 6 or more games in 8 tries with a 40% chance of winning each game.