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Asked by: Maram Costin
science space and astronomyHow do you find the geometric random variable?
Hereof, how do you find the geometric distribution?
The geometric distribution would represent the number of people who you had to poll before you found someone who voted independent. You would need to get a certain number of failures before you got your first success. If you had to ask 3 people, then X=3; if you had to ask 4 people, then X=4 and so on.
Additionally, what is the formula for geometric probability?
Geometric probability is the calculation of the likelihood that you will hit a particular area of a figure. It is calculated by dividing the desired area by the total area. The result of a geometric probability calculation will always be a value between 0 and 1.
The expected value (EV) is an anticipated value for an investment at some point in the future. In statistics and probability analysis, the expected value is calculated by multiplying each of the possible outcomes by the likelihood each outcome will occur and then summing all of those values.