In: Statistics and Probability
It is known that 60% of all women are doing online business from home. In a sample of 10 women, compute the probability that.
(i). exactly 5 are doing online business.
(ii). at least 8 are doing online business.
(iii). at most 2 are not doing online business.
solution:
Given data
Percent of women doing online business (p) = 60% = 0.60
sample size (n) = 10
Let X be the random variable representing no.of women doing online business
Here,X~B(n,p)
~B(10 , 0.60)
P(X=x) = nCx * (p)^x * (1-p)^(n-x)
i) Probability that exactly 5 women are doing online business = P(X=5)
= 10C5 * (0.60)^5 * (0.40)^5
= 252 * (0.60)^5 * (0.40)^5
= 0.2007
Probability that exactly 5 women are doing online business = 0.2007
ii) Probability that at least 8 are doing online business = P(X>= 8)
= P(X=8) + P(X=9) + P(X=10)
= 10C8 * (0.60)^8 * (0.40)^2 + 10C9 * (0.60)^9 * (0.40)^1 + 10C10 * (0.60)^10 * (0.40)^0
= 45 * (0.60)^8 * (0.40)^2 + 10 * (0.60)^9 * (0.40)^1 + 1 * (0.60)^10 * (0.40)^0
= 0.12093 + 0.04031 + 0.00605
= 0.16729
Probability that at least 8 are doing online business =~ 0.1673
iii) Let Y be the binomial random variable representing no.of women not doing online business
Here p = 0.40
Probability that at most 2 are not doing online business = P(Y<=2)
= P(Y=0) + P(Y=1) + P(Y=2)
= 10C0 * (0.40)^0 * (0.60)^10 + 10C1 * (0.40)^1 * (0.60)^9 + 10C2 * (0.40)^2 * (0.60)^8
= 1 * (0.40)^0 * (0.60)^10 + 10 * (0.40)^1 * (0.60)^9 + 45 * (0.40)^2 * (0.60)^8
= 0.00605 + 0.04031 + 0.12093
= 0.16729
Probability that at most 2 are not doing online business =~ 0.1673