How to Calculate variance of binomial distribution?
variance of binomial distribution calculator uses Variance=Number of trials*Probability of Success*(1-Probability of Success) to calculate the Variance, The variance of binomial distribution formula is defined by the formula
V = n * p * (1-P).
where P is the probability of success nd
n is the number of trails. Variance and 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) and Probability of Success (p) and hit the calculate button. Here is how the variance of binomial distribution calculation can be explained with given input values -> 0.9375 = 5*0.75*(1-0.75).