You are visiting the rainforest, but unfortunately your insect repellent has run out. As a result, at
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Question:
You are visiting the rainforest, but unfortunately your insect repellent has run out. As a result, at each second, a mosquito lands on your neck with probability 0.5. If one lands, with probability 0.2 it bites you, and with probability 0.8 it never bothers you, independently of other mosquitoes. What is the expected time between successive mosquito bites? What is the variance of the time between successive mosquito bites? (Hint: Use geometric distribution)
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Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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