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Variance(Geometric)

`"Var(X)" = (1- p )/p^2`
`"Success Rate"`

The variance of a set of numbers is the measure of how spread out they are. A variance of zero indicates that there is no variance which means all of the values are the same. Variance can never be represented with a negative number. The higher the variance the more spread out the values in the data set are.

Variables:

  • `p` = Success Rate
  • `q` = Failure Rate (Calculated as 1-`p`)
  • Equation:
  • `(1-p)/p^2`