The fitness center needs $125,000 in five years for more workout machines. Find the total interest earned if payments are made a
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Using the binomial distribution, supposing that 0.3 of the callers have to wait more than 8 minutes to have their calls answered, it is found that there is a 0.3828 = 38.28% probability that at most 2 of the next 10 callers will have to wait more than 8 minutes to have their calls answered.
For each caller, there are only two possible outcomes, either they have to wait more than 8 minutes to have their calls answered, or they do not. The probability of a caller having to wait more than 8 minutes is independent of any other caller, which means that the binomial distribution is used to solve this question.
Binomial probability distribution
The parameters are:
- x is the number of successes.
- n is the number of trials.
- p is the probability of a success on a single trial.
In this problem:
- 10 callers, hence
- Suppose that 0.3 of them have to wait more than 8 minutes, hence
The probability that <u>at most 2</u> of the next 10 callers will have to wait more than 8 minutes is:
Then
Then:
0.3828 = 38.28% probability that at most 2 of the next 10 callers will have to wait more than 8 minutes to have their calls answered.
A similar problem is given at brainly.com/question/25537909
Answer:
Step-by-step explanation:
Urn U1: 3 red and 2 yellow marbles, in total 5 marbles.
The probability to select red marble is
Urn U2: 3 red and 7 yellow marbles, in total 10 marbles.
The probability to select red marble is
Urn U1: 1 red and 4 yellow marbles, in total 5 marbles.
The probability to select red marble is
The probability to choose each urn is the same and is equal to
Thus, the probability that the marble is red is