Summer Storme is analyzing an investment. The expected one-year return on the investment is 20 percent. The probability distribu
2 answers:
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Answer:
0.9855 or 98.55%.
Step-by-step explanation:
The probability of each individual match being flawed is p = 0.008. The probability that a matchbox will have one or fewer matches with a flaw is the same as the probability of a matchbox having exactly one or exactly zero matches with a flaw:
The probability that a matchbox will have one or fewer matches with a flaw is 0.9855 or 98.55%.