Intro to Business Statistics
First success refers to the initial occurrence of a desired outcome in a sequence of independent trials, where each trial has a fixed probability of achieving that outcome. This concept is particularly relevant in the context of probability and statistics, as it forms the basis for understanding the geometric distribution, which models the number of trials needed until the first success is observed. The emphasis on the first success highlights the importance of each individual trial and its contribution to the overall probability of achieving the desired result.
congrats on reading the definition of First Success. now let's actually learn it.