Suppose you are drilling for oil and want to describe the number of dry wells you would drill before the next producing well. Assume that in the past you have hit oil about 10% of the time.
In this example, the value for the Probability parameter is 0.10, representing the 10% probability of discovering oil. You would enter this value as the parameter of the geometric distribution in Crystal Ball (Figure 85, Geometric Distribution) to show the probability of x number of wells drilled before the next producing well.
