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Let \(x\) be a discrete random variable that possesses a binomial distribution. Using the binomial formula, find the following probabilities. a. \(P(5)\) for \(n=8\) and \(p=.70\) b. \(P(3)\) for \(n=4\) and \(p=.40\) c. \(P(2)\) for \(n=6\) and \(p=.30\) Verify your answers by using Table I of Appendix \(\mathrm{B}\).

Short Answer

Expert verified
The probabilities are \(P(5, 8, .70) = .274\), \(P(3, 4, .40) = .154\), and \(P(2, 6, .30) = .324\)

Step by step solution

01

Apply the binomial formula for \(P(5)\) when \(n=8\) and \(p=.70\)

Substitute the given values into the binomial formula: \(P(x; n, p) = \binom{8}{5} * .70^5 * (1-.70)^{8-5}\)
02

Simplify and calculate the probability

This simplifies to \(\binom{8}{5} * .16807 * .027\), which equals \(.274\)
03

Apply the binomial formula for \(P(3)\) when \(n=4\) and \(p=.40\)

Substitute the given values into the binomial formula: \(P(x; n, p) = \binom{4}{3} * .40^3 * (1-.40)^{4-3}\)
04

Simplify and calculate the probability

This simplifies to \(\binom{4}{3} * .064 * .60\), which equals \(.154\)
05

Apply the binomial formula for \(P(2)\) when \(n=6\) and \(p=.30\)

Substitute the given values into the binomial formula: \(P(x; n, p) = \binom{6}{2} * .30^2 * (1-.30)^{6-2}\)
06

Simplify and calculate the probability

This simplifies to \(\binom{6}{2} * .09 * .2401\), which equals \(.324\)

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Key Concepts

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

Discrete Random Variable
In statistics, a *discrete random variable* is a type of random variable that can take only a countable number of distinct values. These values result from some random phenomenon, such as rolling a die or flipping a coin. They are essential in probability and statistics because they help describe and predict outcomes in various scenarios. For instance, suppose you have a situation involving a fixed number of trials, such as flipping a coin multiple times. In that case, the number of heads you get is a discrete random variable. The focus of this article is on the discrete random variable found in a binomial distribution. Both the number of trials and possible successful outcomes are easy to identify, which makes calculations straightforward if you understand the basics. Understanding how discrete variables work is crucial because it forms the foundation for handling probability distributions effectively.
Binomial Formula
The *binomial formula* is a key concept used to calculate probabilities for a binomial distribution, a specific type of discrete probability distribution. It is used when there are two possible outcomes, often referred to as "success" and "failure." The formula is expressed as follows:

\[ P(x; n, p) = \binom{n}{x} p^x (1-p)^{n-x} \]

Where:
  • \(P(x; n, p)\) is the probability of getting exactly \(x\) successes in \(n\) trials.
  • \(\binom{n}{x}\) represents the binomial coefficient, calculated as \(\frac{n!}{x!(n-x)!}\).
  • \(p\) is the probability of success on a single trial.
  • \((1-p)\) is the probability of failure on a single trial.
The binomial formula is applied in scenarios where each trial is independent of the others, and the probability of success remains constant. By understanding each part of the formula, you can accurately compute probabilities in binomial distributions, like the ones in the example exercise.
Probability Calculation
Calculating probabilities using the binomial formula involves substituting the given values into the formula and solving for the desired probability. This process often requires determination of factors like the binomial coefficient, as well as computations involving powers and multiplications. For example, in one of the steps from the original exercise, for \(P(5)\) given \(n=8\) and \(p=0.70\), the calculation follows these steps:
  • Identify each element: \(n=8\), \(x=5\), and \(p=0.7\).
  • Compute the binomial coefficient \(\binom{8}{5} = \frac{8!}{5!3!}\).
  • Calculate \(p^x = 0.7^5\) and \((1-p)^{n-x} = (0.3)^3\).
  • Multiply these values to get the probability \(P(5)\).
By following these steps systematically for each distinct case, you arrive at the required probability. Fully understanding each part ensures you can apply it correctly to any problem involving a binomial process.
Statistical Tables
When it comes to verifying results from manual calculations or complex probability problems, *statistical tables* present a valuable resource. These tables summarize pre-calculated values for common probabilities, allowing students to check their work and ensure accuracy without prolonged calculation.

For binomial distributions, tables often detail probabilities for given numbers of trials \(n\) and a range of probabilities \(p\). You often refer to these when you solve a problem, generate an answer using the formula, and then consult the table to double-check your result. Using Table I of Appendix B, for example, one can verify the calculated probabilities in the original step-by-step solution.
  • Locate \(n\) and \(p\) on the table.
  • Find the corresponding row or column that matches your calculated \(x\).
  • Compare this table value with your manually calculated probability.
With statistical tables, efficiency and accuracy in probability calculations are vastly improved, offering reassurance when confirming hand-calculated answers.

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Most popular questions from this chapter

Let \(x\) be the number of houses sold per month by a real estate agent. The following table lists the probability distribution of \(x\). $$ \begin{array}{l|cccccc} \hline x & 0 & 1 & 2 & 3 & 4 & 5 \\ \hline P(x) & .08 & .12 & .32 & .28 & .12 & .08 \\ \hline \end{array} $$ Calculate the mean and standard deviation of this probability distribution and give a brief interpretation of the value of the mean.

The following table gives the probability distribution of a discrete random variable \(x\). $$ \begin{array}{l|ccccccc} \hline x & 0 & 1 & 2 & 3 & 4 & 5 & 6 \\ \hline P(x) & .11 & .19 & .28 & .15 & .12 & .09 & .06 \\ \hline \end{array} $$ Find the following probabilities. a. \(P(3)\) b. \(P(x \leq 2)\) c. \(P(x \geq 4)\) d. \(P(1 \leq x \leq 4)\) e. Probability that \(x\) assumes a value less than 4 f. Probability that \(x\) assumes a value greater than 2 g. Probability that \(x\) assumes a value in the interval 2 to 5

Suppose the owner of a salvage company is considering raising a sunken ship. If successful, the venture will yield a net profit of \(\$ 10\) million. Otherwise, the owner will lose \(\$ 4\) million. Let \(p\) denote the probability of success for this venture. Assume the owner is willing to take the risk to go ahead with this project provided the expected net profit is at least \(\$ 500,000\). a. If \(p=.40\), find the expected net profit. Will the owner be willing to take the risk with this probability of success? b. What is the smallest value of \(p\) for which the owner will take the risk to undertake this project?

Many of you probably played the game "Rock, Paper, Scissors" as a child. Consider the following variation of that game. Instead of two players, suppose three players play this game, and let us call these players \(\mathrm{A}, \mathrm{B}\), and \(\mathrm{C}\). Each player selects one of these three items- Rock, Paper, or Scissors-independent of each other. Player A will win the game if all three players select the same item, for example, rock. Player B will win the game if exactly two of the three players select the same item and the third player selects a different item. Player \(\mathrm{C}\) will win the game if every player selects a different item. If Player B wins the game, he or she will be paid \(\$ 1\). If Player \(\mathrm{C}\) wins the game, he or she will be paid \(\$ 3\). Assuming that the expected winnings should be the same for each player to make this a fair game, how much should Player A be paid if he or she wins the game?

A professional basketball player makes \(85 \%\) of the free throws he tries. Assuming this percentage holds true for future attempts, use the binomial formula to find the probability that in the next eight tries, the number of free throws he will make is a. exactly \(8 \quad\) b. exactly 5

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