Suppose there are a million cars made by a car company across the globe, where the probability that a car has a defective brake part is 0.0002. Based on the Monte Carlo algorithm, determine the minimum number of cars that needs to be tested so the probability of finding not even a defective car among those tested is less than two in a million. Use a calculator to simplify your answer and obtain the minimum number of cars.

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Suppose there are a million cars made by a car company across the globe, where the probability that a car has a
defective brake part is 0.0002. Based on the Monte Carlo algorithm, determine the minimum number of cars that
needs to be tested so the probability of finding not even a defective car among those tested is less than two in a
million. Use a calculator to simplify your answer and obtain the minimum number of cars.
Transcribed Image Text:Suppose there are a million cars made by a car company across the globe, where the probability that a car has a defective brake part is 0.0002. Based on the Monte Carlo algorithm, determine the minimum number of cars that needs to be tested so the probability of finding not even a defective car among those tested is less than two in a million. Use a calculator to simplify your answer and obtain the minimum number of cars.
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