We can verify that the cumulative distribution for the geometric distribution is Gt = 1 - (1

Question:

We can verify that the cumulative for the geometric is Gt = 1 - (1 - q)t with a mathematical trick.
1. Show that

for any x by multiplying both sides by 1 - x and working out the algebra.
2. Find

(use x = l - q).

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...