P(x = k) in geometric random var
p(1-p)^k-1
when are geometric random variables used
independent bernoulli trials to find probability required to obtain first success
expected value in geometric random variable
E(X) = 1/p
variance in geometric random variable
var(X) = (1-p)/(p^2)
a product has a 3% defective rate
what is the probability of the first defective product occurs on the 5th item
(1-0.03)^5-1 * 0.03