In a binomial distribution, the probability of failure refers to the likelihood or chance that each individual trial does not result in success but rather ends up with an undesired outcome.
Related terms
Complement Event: In probability theory, the complement event of an event A consists of all outcomes in which A does not occur.
Probability: A measure or quantification of the likelihood of an event occurring.
Success Rate: The ratio or percentage of successful outcomes compared to total outcomes in a given experiment or situation.