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Which of the following are conditions of a binomial experiment (Bernoulli process)?

Multiple select question.

Each trial has only two possible outcomes, often labeled 'success' and 'failure'.

For each trial, the probabilities of 'success' and 'failure' remain the same.

For each trial, the probability of a 'success' equals the probability of a 'failure'.

Each trial is independent of the previous trial.

Each trial has only two possible outcomes, often labeled 'success' and 'failure'.

For each trial, the probabilities of 'success' and 'failure' remain the same.
Each trial is independent of the previous trial.

The conditions of a binomial experiment (Bernoulli process) are:

1) Each trial has only two possible outcomes, often labeled 'success' and 'failure'.
2) For each trial, the probabilities of 'success' and 'failure' remain the same.
4) Each trial is independent of the previous trial.

So, the correct options are:

- Each trial has only two possible outcomes, often labeled 'success' and 'failure'.
- For each trial, the probabilities of 'success' and 'failure' remain the same.
- Each trial is independent of the previous trial.