SOLUTION: in the past year, 13%of businesses have eleminated jobs. if five businesses are randomly selected, find the probability that at least three eliminated jobs during the year.

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Question 372692: in the past year, 13%of businesses have eleminated jobs. if five businesses are randomly selected, find the probability that at least three eliminated jobs during the year.
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi,
Note: The probability of x successes in n trials is:
P = nCx* where p and q are the probabilities of success and failure respectively.
In this case p = .13 , q = .87 and n = 5
nCx =
P(at least 3 of the five eliminated jobs) = 1 - P(0) -P(1) -P(2)
P(0) = .4984 (.87)^5
P(1) = .3724 5*(.13)^1(.87)^4
P(2) = .1113 10*(.13)^2(.87)^3
P(at least 3 of the five eliminated jobs) = 1 - .9821 = .0179
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