I'm trying to determine the probability that something happens after multiple chances. Each time, there is a 6.88% chance of success, and I can try up to 10 times. What is my chance of having a success after 10 tries. Is it...
X=P * Q^(n-1)
Where:
P = Probability of success
Q = Probability of failure
n = number of tries
Please tell me if I got that right.
X=P * Q^(n-1)
Where:
P = Probability of success
Q = Probability of failure
n = number of tries
Please tell me if I got that right.