In: Statistics and Probability
The firearms manufacturer that sells its firearms to the local sheriff’s department has 2000 used firearms to sell. Each used firearm has a 13% probability of needing major mechanical repairs. You randomly select 600 firearms for potential purchase.
What is the likelihood that 39 firearms will need major mechanical repairs? [Show your work]
What is the likelihood that all the firearms will work? [Show your work]
What is the likelihood that all the firearms will need major mechanical repairs? [Show your work]
Please find the answer as given below:
Given:
Probability that firearm need major mechanical repair = 0.13
Probability that firearm not need major mechanical repair =1 - 0.13 = 0.87
In given problem we have only two possible outcomes:
firearm need major mechanical repair and firearm not need major mechanical repair .
If we have only two possible outcomes then we use Binomial probability distribution to find out probability.
Formula for Binomial probability distribution:
P(X) =
Where,
n = fixed number of trials,
x= total number of success out of n trials.
p = Probability of success
q = probability of failure.
p + q = 1, p and q are always between 0 to 1.
In binomial trial only two outcomes are possible. Success and failure.
Probability of success + Probability of failure = 1.
Solution 1)
Given: n = 600 , x = 39 , p = 0.13 and q = 1- p = 1-0.13 = 0.87 ; q= 0.87
Put these values in binomial distribution formula:
P(X = 39 )
Formula for combination nx =
=! *
= 0.000001 that is approximately zero.
Conclusion: probability of 39 firearm need to repair is zero.
Answer 2)
Given: n = 600 , x = 600 , p = 0.87 and q = 1- p = 1-0.87 = 0.13 ; q= 0.13
Put these values in binomial distribution formula:
P(X = 600 )
Formula for combination nx = n!x!n-x!
= *(
= 0.000 that is zero.
Conclusion: probability of 600 firearm need not to repair is zero.
Answer 3)
Given: n = 600 , x = 600 , p = 0.13 and q = 1- p = 1-0.13 = 0.87 ; q= 0.87
Put these values in binomial distribution formula:
P(X = 600 )
Formula for combination nx = n!x!n-x!
= *
= 0.000 that is zero.
Conclusion: probability of 600 firearm need to repair is zero.