Geometric Variance Formula:
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The geometric distribution variance measures the spread in the number of trials needed to get the first success in repeated Bernoulli trials. It's a fundamental concept in probability theory and statistics.
The calculator uses the geometric variance formula:
Where:
Explanation: The variance increases as the probability of success decreases, showing greater uncertainty when success is rare.
Details: Understanding the variance helps in predicting the reliability of the expected number of trials needed for the first success. It's used in quality control, reliability engineering, and risk assessment.
Tips: Enter the probability of success (p) as a value between 0 and 1. For example, for a 30% chance, enter 0.3.
Q1: What's the range of possible variance values?
A: Variance ranges from 0 (when p approaches 1) to infinity (as p approaches 0).
Q2: How is this different from binomial variance?
A: Binomial variance is for number of successes in n trials, while geometric variance is for number of trials until first success.
Q3: What are typical applications?
A: Used in modeling scenarios like number of attempts until first login success, or components tested until first failure.
Q4: What if p = 0 or p = 1?
A: p=0 is undefined (no success possible), p=1 gives variance=0 (always succeed on first try).
Q5: What's the relationship to the mean?
A: The mean is 1/p, and variance is (1-p)/p², so variance = mean × (mean - 1) when p ≤ 1.