Suppose that a flaw in a certain computer chip installed in computers was discovered that could result in a wrong answer when performing a division. The manufacturer initially claimed that the chance of any particular division being incorrect was only 1 in 7 billion, so that it would take thousands of years before a typical user encountered a mistake. However, statisticians are not typical users; some modern statistical techniques are so computationally intensive that a billion divisions over a short time period is not outside the realm of possibility. Assuming that the 1 in 7 billion figure is correct and that results of different divisions are independent of one another, what is the probability that at least one error occurs in one billion divisions with this chip? (Round your answer to four decimal places.)
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Suppose that a flaw in a certain computer chip installed in computers was discovered that could result in a wrong answer when performing a division. The manufacturer initially claimed that the chance of any particular division being incorrect was only 1 in 7 billion, so that it would take thousands of years before a typical user encountered a mistake. However, statisticians are not typical users; some modern statistical techniques are so computationally intensive that a billion divisions over a short time period is not outside the realm of possibility. Assuming that the 1 in 7 billion figure is correct and that results of different divisions are independent of one another, what is the
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