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A binomial experiment consists of 500 trials with the probability of success for each tria 3 What is the probability of obtai
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Answer #1

The mean and standard deviation is

\mu =np=500\times 0.3=150 and \sigma =\sqrt{np(1-p)}=\sqrt{500\times 0.3(1-0.3)}\approx 10.25

We now define the standard random variable Z as z={X-150\over 10.25} where X is the number of success

Then the required probability is

{P(X\geq 173)=P(X>172.5)=P\left (z>{172.5-150\over 10.25} \right )=P(Z>2.20)= 0.0139 }

Hence the required probability after rounding is 0.01

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