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I know Binomial Theorem is a quick way of expanding a Binomial Expression that has been raised to some power i.e ##(a+b)^n##. But why is it so important to expand ##(a+b)^n##. What is the practical use of this in Science and Engineering.
Here is some background:
http://ualr.edu/lasmoller/Newton.html
Newton showed how to use fractional exponents; this leads to infinite series which converge if the exponent is between -1 and +1. In many cases the first few terms are used in approximations, especially if the expression is of the form (1+x)^n.
Whenever we need to expand (a+b)[itex]^{n}[/itex], application of the binomial theorem means we don't have to multiply a bunch of binomial expressions together. Kids nowadays take for granted having a symbolic algebra program like Mathematica or Maple, but in the olden days, the B.T. could save a lot of time doing algebra (and be more accurate to boot, avoiding a lot of mistakes which might otherwise go undetected). The binomial coefficients are also the same as the entries in Pascal's triangle, and there is a simple algorithm which allows one to calculate these entries by using the first two rows of the triangle.
http://en.wikipedia.org/wiki/Pascal's_triangle