Noise refers to any undesired electrical signal present in addition to the intended signal. There are two main types of noise: man-made noise from sources like machines and natural noise from components and the atmosphere. White noise contains thermal and shot noise, while pink noise contains flicker and burst noise. The thermal noise RMS voltage and shot noise RMS current can be calculated using formulas involving temperature, resistance, bandwidth, and other factors. Signal to noise ratio and noise figure are key metrics used to represent noise in signals and systems.