Let be the number of wells drilled until the first first strike of oil.
It is reasonable to assume that has a negative binomial distribution.
Given
(a) The probability that the first strike comes on the third well drilled is
(b)
1. The experiment consists of a sequence of independent trials.
2. Each trial can result in either a success (S) or a failure (F).
3. The probability of success is constant from trial to trial, so for
4. The experiment continues (trials are performed) until a total of successes have been observed, where is a specified positive integer.
26. Assume that customers arrival has Poisson distribution with
Let the number of arrivals during the given interval.
Let be arrival rate during t minutes,
(a) at most 4 will arrive at any given time
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