The Bank Negara Malaysia (BNM) is responsible for printing paper money. The BNM has an impressively small printing error, only 0.5 percent of all bills are too flawed for circulation. Compute the probability that out of a batch of 1000 bills, (1) none are too flawed for circulation. (1i) fifteen are too flawed for circulation.

MATLAB: An Introduction with Applications
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The Bank Negara Malaysia (BNM) is responsible for printing paper money.
The BNM has an impressively small printing error, only 0.5 percent of all bills
are too flawed for circulation. Compute the probability that out of a batch of
1000 bills,
(1i)
none are too flawed for circulation.
(ii)
fifteen are too flawed for circulation.
Transcribed Image Text:The Bank Negara Malaysia (BNM) is responsible for printing paper money. The BNM has an impressively small printing error, only 0.5 percent of all bills are too flawed for circulation. Compute the probability that out of a batch of 1000 bills, (1i) none are too flawed for circulation. (ii) fifteen are too flawed for circulation.
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