Independent solution
How to solve this Geometric Distribution question
Answer in brief
This is a geometric stopping-time calculation. A round continues with probability (1/4)^3+(3/4)^3=7/16, so exactly five rounds requires four continuations followed by a stop: (7/16)^4(9/16)=0.020608, making choice C correct.
Setup
Setup
In one round, continuation occurs only when all three outcomes match. Add the all-first-outcome and all-second-outcome probabilities.
Model
Model
Exactly five rounds means that each of the first four rounds continues and the fifth round stops.
Compute
Compute
Substitute the one-round continuation and stopping probabilities.
Answer
Answer
The probability rounds to 0.0206.