Question regarding geometric distribution
Suppose that X is a geometric random variable. (a) prove that for positive integers n and k, P(X=n+k|X>n)=P(X=k). (b)explain what this result means and why it makes sense for a geometric distribution to have this property.
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Find the net power output of this plant and the required mass flow rate of river water. The turbine and pump operate isentropically.
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The probability that the company will fail within 2 years is 0.5 suppose we follow nine start ups (63 people) for two years and record the number of people whose company fail. Why is the binomial model inappropriate for finding the probility that
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