Sean S.

asked • 08/12/16

Probably question

I have a 25% chance of something happening. How many times would I need to do it to have a reasonable chance of success?

Jason L.

One way to look at it would be to say that in order to maximize the P(exactly 1 success), you'd have to do the event no more than 4 times because if you do more than 4, the expected value of success would be greater than 1 and thus P(exactly 1) would no longer be maximized.
 
Proving this using the binomial distribution:
 
1C1 * (.25)^1 * (.75)^0 = .25
2C1 * (.25)^1 * (.75)^1 = .375
3C1 * (.25)^1 * (.75)^2 = .422
4C1 * (.25)^1 * (.75)^3 = .422
5C1 * (.25)^1 * (.75)^4 = .395
 
So you'd need to do the event 3 times (since the odds are the same whether you did it 3 or 4 times).
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08/12/16

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