Geometric
Discrete distribution for trials until first success.
Parameters
Probability: Probability of success.
Applications
Applied in modeling the number of attempts until the first success, such as the first deal closed, the first customer purchase or the first default.
To apply Monte Carlo simulations to the inputs/outputs of your model, see the Scenarios - Monte Carlo module.
Outputs
Plot: Histogram of the distribution with selected Confidence Interval.
Data: Confidence Intervals, Summary Statistics and Percentiles. See a sample Monte Carlo output.
View demo for Normal distribution
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