Suppose that one can simulate as many i.i.d. Bernoulli random variarbles with parameter p as one wishes.

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Suppose that one can simulate as many i.i.d. Bernoulli random variarbles with parameter p as one wishes. Explain how to use these to approximate the mean of the geometric distribution with parameter 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...
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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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