First success on an even trial
Each trial succeeds independently with probability . What is the probability that your first success arrives on an even-numbered trial (trial , , , …)? Give a decimal to four places.
Show hints (2)+
- Sum over - a geometric series in .
- It collapses to with .
Answer
Reveal answer →Final answer
0.4444 (± 0.001)
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Asked at: Game-Based Aptitude, Options Market-Making