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Use a tree diagram to solve the problems. For a real estate exam the probability of a person passing the test on the first try is 70 . The probability that a person who fails on the first try will pass on each of the successive attempts is .80 . What is the probability that a person passes the test in at most three attempts?

Short Answer

Expert verified
The probability that a person will pass the test in maximum three attempts is \(0.988\), or 98.8%.

Step by step solution

01

Determine the Possible Outcomes

Begin by determining the possible outcomes: passing on the first try, failing the first try and passing on the second, or failing the first two tries and then passing on the third. These outcomes can be represented on a tree diagram.
02

Calculate the Probability of Passing on the First Try

The probability of passing on the first try is given as 70%. Convert this to decimal form by dividing by 100 to get \(0.70\). As there is no successive event linked to this, the total probability of passing on the first try is \(0.70\).
03

Calculate the Probability of Passing on the Second Try

If someone does not pass on the first try (\(1 - 0.70 = 0.30\)), the likelihood of passing on the second try is 80%, or \(0.80\). To find the total probability of this occurring, multiply \(0.30\) and \(0.80\) to get \(0.24\).
04

Calculate the Probability of Passing on the Third Try

If someone doesn't pass the first two times, the chance of not passing is \(0.30 \times 0.20 = 0.06\). If they then pass on the third try with a likelihood of 80%, or \(0.80\). Multiply \(0.06\) and \(0.80\) to get \(0.048\).
05

Add the Probabilities

Add these three probabilities together to get the total probability of a person passing the test in maximum three attempts. All these events are mutually exclusive. Therefore: \(0.70 + 0.24 + 0.048 = 0.988\).

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Tree Diagram
A tree diagram is a visual representation used to outline all possible outcomes of a problem. It's a branching diagram that shows each possible event and its probability. This helps you visualize complex probability scenarios and makes the calculation of sequences easier.
For example, in the real estate exam problem, each branch of the tree represents an attempt to pass the test. The first branch could show passing on the first try. If the test is not passed, subsequent branches show possible outcomes on the next attempts.
  • First Branch: Represents passing the test on the first attempt with a probability of 0.70.
  • Second Branch: Follows if the first attempt is failed. Here, there's a 0.80 probability of passing on the second try.
  • Third Branch: If the test is failed twice, it shows another chance to pass on the third attempt with a probability of 0.80.
Using a tree diagram, we can systematically calculate the probabilities of each sequence and ensure no outcome is overlooked. It provides a clear map to follow and is particularly useful when dealing with multiple steps or events.
Real Estate Exam
Exams can often be stressful and complex, but understanding the probability of passing helps assess your odds. For the real estate exam, consider each attempt as an individual event, each with its probability of success.
The student has:
  • A 70% chance of passing on the first try. That's pretty good odds!
  • A chance to improve and try again, with an 80% probability of passing on the second try if they initially fail.
  • Another shot if needed, with the same 80% probability of passing on the third try.
This structured approach reassures that the overall chance of eventually passing within three attempts is quite high. Adding up these successive chances gives a more comprehensive perspective on the likelihood of success on the exam, converting anxious uncertainty into calculated chance.
Mutually Exclusive Events
Mutually exclusive events are events that cannot occur at the same time. Understanding this concept is key in scenarios where probabilities are added.
In the context of the real estate exam, each possible success event—passing on the first, second, or third attempt—is mutually exclusive. If you pass the exam on your first try, you don’t need subsequent attempts, and so the probability of passing on the second or third attempt doesn’t matter for that scenario.
This is crucial when summing probabilities:
  • For the real estate exam, each path to success (passing on the first, second, or third try) is separate and mutually exclusive. Thus, their probabilities are simply added together.
  • The sum total of these probabilities, 0.70 for the first try, 0.24 for the second, and 0.048 for the third, is 0.988. This shows that the sum total of these mutually exclusive probabilities reflects the full range of successful outcomes.
This concept ensures that probability calculations are made correctly by addressing each event's exclusivity, thereby avoiding overlap or errors in computation.

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Most popular questions from this chapter

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