Consider a binomial experiment
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has just been given a 10-question multiple-choice quiz in his history class. Each question has four answers, of which only one is correct. Since Richard has not attended class recently, he doesn’t know any of the answers. Assuming that Richard guesses on all ten questions, find the indicated probabilities. (Round your answers to three decimal places.)
(a) What is the probability that he will answer all questions correctly?
(b) What is the probability that he will answer all questions incorrectly?
(c) What is the probability that he will answer at least one of the questions correctly? Compute this probability two ways. First, use the rule for mutually exclusive events and the probabilities shown in the binomial probability distribution table.
Then use the fact that P(r ≥ 1) = 1 − P(r = 0).
(D)
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(dress, sports jacket, etc.), worn the item once to a party, and then returned the purchase? This is called a one-time fling. About 5% of all adults deliberately does one-time fling and feel no guilt about it! In a group of eight adult friends, what is the probability of the following? (Round your answers to three decimal places.)
(a) no one has done a one-time fling
(b) at least one person has done a one-time fling
(c) no more than two people have done a one-time fling
10Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana. After examining accounting records for the past several years, he found that the store has been grossing over $850 per day about 60% of the business days it is open. Estimate the probability that the store will gross over $850 for the following. (Round your answers to three decimal places.)
(a) at least 3 out of 5 business days
(b) at least 6 out of 10 business days
(c) fewer than 5 out of 10 business days
(d) fewer than 6 out of the next 20 business days
(e) more than 17 out of the next 20 business days
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