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What is something, what is its own other, how do both relate to each other?
The binomial distribution is one distribution which is able to describe the relationship between two
mutually exclusive outcomes of an event, between something and its own other. The variance of a
binomial distribution is reinvestigated.
The variance i.e. standard deviation of a binomial distribution as mathematized by Karl Pearson in the
year 1895 is found to be logically inconsistent. In other words, today’s concept of the variance of a
Binomial distribution is refuted.
A new concept of the variance of a Binomial distribution is developed.