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The probability is 0.6 that a new small appliance will show a profit in its first year of production ; 0.3 that it will show a loss; and 0.1 that it will break even. Find the probability that in a random sample of 5 new small appliances produced last year: (a) No more than 3 will show a profit (b) at least 3 will show a profit (c) exactly 3 will show a profit

The probability is 0.6 that a new small appliance will show a profit in its first year of production ; 0.3 that it will show a loss; and 0.1 that it will break even. Find the probability that in a random sample of 5 new small appliances produced last year: (a) No more than 3 will show a profit (b) at least 3 will show a profit (c) exactly 3 will show a profit

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Problem 12 The probability is 0.6 that a new small appliance will show a profit in its first year of production ; 0.3 that it will show a loss; and 0.1 that it will break even. Find the probability that in a random sample of 5 new small appliances produced last year: (a) No more than 3 will show a profit (b) at least 3 will show a profit (c) exactly 3 will show a profit (d) exactly 3 will not show a loss (e) at least one will break even (f) none will break even (g) exactly 2 will show either a profit or a loss.
Transcribed Image Text:Problem 12 The probability is 0.6 that a new small appliance will show a profit in its first year of production ; 0.3 that it will show a loss; and 0.1 that it will break even. Find the probability that in a random sample of 5 new small appliances produced last year: (a) No more than 3 will show a profit (b) at least 3 will show a profit (c) exactly 3 will show a profit (d) exactly 3 will not show a loss (e) at least one will break even (f) none will break even (g) exactly 2 will show either a profit or a loss.
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