In: Statistics and Probability
1) According to insurance records a car with a certain protection system will be recovered 94% of the time. Find the probability that 3 of 6 stolen cars will be recovered.
Here, n = 6, p = 0.94, (1 - p) = 0.06 and x = 3
As per binomial distribution formula P(X = x) = nCx * p^x * (1 -
p)^(n - x)
We need to calculate P(X = 3)
P(X = 3) = 6C3 * 0.94^3 * 0.06^3
P(X = 3) = 0.0036