The value of a boat is $23,400. It loses 10% of its value every year. Find the approximate monthly percent decrease in value. Ro
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The value of P(R = 3) is 0.2854
<h3>Probability</h3>Probabilities are used to determine the chances of events.
The given parameters are:
--- the number of slots
. --- the number of red slot
. --- the number of black slot
. --- the number of green slot
The probability that the ball lands on a red slot is calculated as:
Simplify
The probability that the ball does not land on a red slot is calculated as:
Simplify
The value of P(R = 3) is then calculated using the following binomial probability formula
Where:
So, we have:
Hence, the value of P(R = 3) is 0.2854
Read more about probabilities at: