Compute the probability of x successes using the binomial formula. Round your answers to three decimal places as needed.
n = 3, p = 0.04, X = 1
Solution :
Given that ,
p = 0.04
1 - p = 1 -0.04 = 0.96
n = 3
Using binomial probability formula ,
P(X = x) = ((n! / (n - x)!) * px * (1 - p)n - x
P(X = 1) = ((3! / (3 - 1)!) * 0.041 * 0.963 - 1
=0.1106
Probability =0.1106
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