ENCYCLOPEDIA 4U .com

 Web Encyclopedia4u.com

# PEG

A NEW DISTRIBUTION.

Of the hundreds of statistical distribution here is one more.

This distribution answers the question ;

If I waited t0 for something to happen how long must I wait to be p% sure that I will see it again.

The simple formula is ;

```         t1=t0*p/(1-p)
```
thus for p=90% t1=9*t0 and for p=99% t1=99.

This can be used in all types of interesting cases.

On a certain starry night I had to wait 10m before seeing a falling star. How long will I have to wait until I can be 90% sure that I will see another. t1=9*10m=90m. This means that I can be 90% sure that I will not have to wait more than 1.5 hours before seeing the next falling star.

I had to open four breakfast porridge box's before getting a special gift. How many box's will I have to open to be 90% sure of getting another.

```   t1=4*9=36.
```
This distribution is extremely easy to use and is based on the poisson-exponential-geometric type distributions.It assumes that the chance of the event occurring is always the same.

We could also go a bit further and include the cases of predicting the next value after 2,3 or more events.After about 10 samples it loses its interest as it becomes the exponential distribution.

Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.