Let x1, x2, , xn be a random sample of size n from a geometric distribution for which p is the probability of success. (a) use the method of moments to find a point estimate for p. (b) explain intuitively why your estimate makes good sense.

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

range =5

step-by-step explanation:

to find the range, we take the largest value and subtract the smallest value.

the largest value is 5

the smallest value is 0

the range is 5-0   =5