On Monster Power 1, the drop rate for each key 10%. If I do 10 runs, the chance of having one key dropped in these 10 runs is 1-(1-10%)^10, or about 65%. After getting 3 keys, I can try to get a loot from a uber with a chance of 10%. I will need 3 loot from uber bosses to craft one ring. How do I calculate the Expected Value of total number of runs I will need?
Edit: from wikipedia, I just learned the Mean of a Geometric Distribution is 1/p. So the Expected Value of getting a key drop on Monster Power 1 should be 10 runs. But then, if 10 is the mean, why would 1-(1-10%)^10 ~= 65%?
(1-10%)^10that you are using is chance *NOT* to get a key/organ in 10 runs. The 10% on MP1 means that there is 90% chance of NOT getting the key/organ. So in order to find the chance of getting a key/organ in N runs on X MP, you should use the formula that you showed:1-(1-X*10%)^Nwith an exception when X = 0. So1-(1-10%)^10 ~= 65%because there is a 65% chance of getting a key/organ in 10 runs. – Novarg Jun 18 '13 at 19:11