The IPython Notebook is an interactive computational environment, in which you can combine code execution, rich text, mathematics, plots and rich media, as shown in this example session:

The IPython notebook with embedded rich text, code, mathematics and figures. It aims to be …

A Virtual Environment, put simply, is an isolated working copy of Python which allows you to work on a specific project without worry of affecting other projects.

For example, you can work on a project which requires Django 1.3 while also maintaining …