Example 3-50. The odds that a book on Statistics will be favourably reviewed by 3 independent critics are 3 to 2, 4 to 3 and 2 to 3 respectively. What is the probability that of the three reviews : (i) All will be favourable, (ii) Majority of the reviews will be favourable, (ii) Exactly one review will be favourable,

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Example 3-50. The odds that a book on Statistics will be favourably reviewed by 3
independent critics are 3 to 2, 4 to 3 and 2 to 3 respectively. What is the probability that of the
three reviewws :
(i) All will be favourable,
(ii) Majority of the reviews will be favourable,
(iii) Exactly one review will be favourable,
Transcribed Image Text:Example 3-50. The odds that a book on Statistics will be favourably reviewed by 3 independent critics are 3 to 2, 4 to 3 and 2 to 3 respectively. What is the probability that of the three reviewws : (i) All will be favourable, (ii) Majority of the reviews will be favourable, (iii) Exactly one review will be favourable,
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