Using the Indirect Method to Solve Probability Questions

advertisement
Using the Indirect Method to Solve Probability
Questions
Example
In manufacturing process, it is estimated that 1% of the items are defective. If a client places an order for
25 of the items, what is the probability that at least three of them are defective?
Expected Value and the Binomial Distribution
Example
A weighted coin has the likelihood of tossing a head is twice that of tossing a tail.
(a) If you toss the coin five times, how many heads would you expect?
(b) If you toss the coin 10 times, how many heads would you expect?
Download
Related flashcards
Payment systems

18 Cards

Banking

30 Cards

Finance

16 Cards

Payment systems

59 Cards

Create flashcards