A Bernoulli Trial is a simple experiment or process that results in one of two possible outcomes: success or failure. For example, flipping a coin can be seen as a Bernoulli Trial, where getting heads is a success and tails is a failure. Each trial is independent, meaning the outcome of one trial does not affect the others. These trials are named after the Swiss mathematician Jacob Bernoulli, who studied the mathematics of probability. Bernoulli Trials are foundational in statistics and are used in various fields, including finance, medicine, and social sciences, to model situations with binary outcomes, such as pass/fail tests or yes/no surveys.