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Business Statistics
book

Business Statistics

by Bajpai
April 2024
Intermediate to advanced
824 pages
36h 45m
English
Pearson India
Content preview from Business Statistics
218 Business Statistics
Solution Probability of x successes in n trials is given by
( )
r N r
x n x
N
n
C C
P x
C
×
=
From the example, the following items are given:
N = 30 n = 4 r = 6
(a) No jar has less than 100 confectionery items
6 30 6
0 4 0
30
4
( 0)
C C
P x
C
×
= = =
0.3877
(b) Exactly three jars have less than 100 confectionery items
P(x = ) =
6 30 6
3 4 3
30
4
C C
C
×
= 0.0175
(c) Three or fewer jars have less than 100 confectionery items
P(x  ) = P(x = 0) + P(x = 1) + P(x = 2) + P(x = 3)
=
6 30 6 6 30 6 6 30 6 6 30 6
0 4 0
1 4 1 2 4 2 3 4 3
30 30 30 30
4 4 4 4
C C C C C C C C
C C C C
× × × ×
+ + +
= 0.9994
(d) Three or more jars have less ...
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Publisher Resources

ISBN: 9781282652507