## Bernoulli trial

Bernoulli trialnoun

*Statistics*

An experiment having only two possible outcomes, usually denoted

*success*and*failure,*with the properties that the probability of occurrence of each outcome is the same in each trial and the occurrence of one excludes the occurrence of the other in any given trial.Origin of Bernoulli trial

AfterJakob**Bernoulli**

## bernoulli trial - Investment & Finance Definition

A random event that has three important characteristics. Its result must be a success or failure; the probability of a success must be the same for all trials, and the outcome of each trial must be independent of the other trial’s outcomes. A coin toss would meet the requirements of a Bernoulli trial.