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The unemployment rate in a city is 15%. If 10 people from the city are sampled at random,
find the probability that fewer than 2 of them are unemployed.
Carry your intermediate computations to at least four decimal places,
and round your answer to two decimal places.
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It is a binomial distribution probability problem.
- number of trials n = 10;
- number of success trials k < 2;
- Probability of success on a single trial p = 0.15.
We need calculate P(n=10; k<2; p=0.15).
To facilitate calculations, I use an appropriate online (free of charge) calculator at this web-site
https://stattrek.com/online-calculator/binomial.aspx
It provides nice instructions and a convenient input and output for all relevant options/cases.
P(n=10; k < 2; p=0.15) = 0.54429982377, or 0.5443 (rounded). ANSWER
Solved.
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To see a variety of similar solved problems, look into the lessons
- Simple and simplest probability problems on Binomial distribution
- Typical binomial distribution probability problems
- How to calculate Binomial probabilities with Technology (using MS Excel)
- Solving problems on Binomial distribution with Technology (using MS Excel)
- Solving problems on Binomial distribution with Technology (using online solver)
in this site.
After reading these lessons, you will be able to solve such problems on your own,
which is your PRIMARY MAJOR GOAL visiting this forum (I believe).