Question: Let X1, X2, . . . , Xn be a random sample of size n from a geometric distribution for which p is the probability

Let X1, X2, . . . , Xn be a random sample of size n from a geometric for which p is the probability of success.
(a) Use the method of moments to find a point estimate for p.
(b) Explain intuitively why your estimate makes good sense.
(c) Use the following data to give a point estimate of p:

3 34 7 4 19 2 1 19 43 2 22 4 19 11 71 2 21 15 16

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