Why does the memoryless property work for the Geometric distribution but not for the Binomial distribution?

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Why does the memoryless property work for the Geometric distribution but not for the Binomial distribution?
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...
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Introduction to Probability

ISBN: 978-0716771098

1st edition

Authors: Mark Daniel Ward, Ellen Gundlach

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