Variance(Geometric)

$"Var(X)" = (1- p )/p^2$

$"Success Rate"$

Tags

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:
$(1-p)/p^2$