Probability formula for an event with constant predefined average

29 Views Asked by At

There is an oracle in which it generates a random number every one minute. If the random number is smaller than a constant number target, it would be called a hit.

While the event should be random:

  1. How can I create a formula in a way that a hit happens on average roughly every 24 hours?
  2. What would be the probability distribution I should use?