How to Calculate Variance of Binomial Distribution?
Variance of Binomial Distribution calculator uses Variance of Data = Number of Trials*Probability of Success*Probability of Failure in Binomial Distribution to calculate the Variance of Data, Variance of Binomial Distribution formula is defined as the expectation of the squared deviation of the random variable that follows Binomial distribution, from its mean. Variance of Data is denoted by σ^{2} symbol.
How to calculate Variance of Binomial Distribution using this online calculator? To use this online calculator for Variance of Binomial Distribution, enter Number of Trials (N_{Trials}), Probability of Success (p) & Probability of Failure in Binomial Distribution (q_{BD}) and hit the calculate button. Here is how the Variance of Binomial Distribution calculation can be explained with given input values -> 2.4 = 10*0.6*0.4.