Answer:
The probability that of the 3 households randomly selected at least 1 owns a sports car is 0.1956.
Step-by-step explanation:
Let <em>X</em> = number of household owns a sports car.
The probability of <em>X</em> is, P (X) = p = 0.07.
Then the random variable <em>X</em> follows a Binomial distribution with <em>n</em> = 3 and <em>p</em> = 0.07.
The probability function of a binomial distribution is:
Compute the probability that of the 3 households randomly selected at least 1 owns a sports car:
Thus, the probability that of the 3 households randomly selected at least 1 owns a sports car is 0.1956.