Let X1, . . ., Xn be a random sample of size n from the geometric distribution

Question:

Let X1, . . ., Xn be a random sample of size n from the geometric for which p is the probability of success.
(a) Use the method of moments to find a point estimator for p.
(b) Use the following data (simulated from geometric to find the moment estimator for p:

How will you use this information? [The pdf of a geometric distribution is f(x) = p(1 €“ p)x€“1, for x = 1, 2,. . .. Also Î¼ = 1/p.]

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...