The probability that exactly 800 chips are acceptable is less than 0.000001
<h3>How to determine the probability?</h3>The given parameters are:
- Sample, n = 3000
- Percentage acceptable, p = 72%
- Acceptable chips, x = 800
The binomial probability is represented as:
So, we have:
The data values are large.
So, we use a statistical calculator to evaluate the expression
Using the calculator, we have:
P(300) < 0.000001
Hence, the probability that exactly 800 chips are acceptable is very small i.e. less than 0.000001
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