This paper presents a detailed procedure for deriving a Binet's type formula for the Tribonacci sequence {Tn}. We examine the limiting distribution of a Markov chain that encapsulates the entire sequence {Tn}, offering insights into its asymptotic behavior. An approximation of Tn is provided using two distinct probabilistic approaches. Furthermore, we study random sequences of the form {Z0,Z1,Z2,Zn=Zn−3+Zn−2+Zn−1,n=3,…}, referred to as the Tribonacci sequence of Random Variables. These sequences, fully defined by their initial random variables, are analyzed in terms of their distributional and limiting properties