SOLUTION: the probability that a network will be shut down on any given day is .0003. What is the probability that the network will be shut down in 5000 days.

Question 537121: the probability that a network will be shut down on any given day is .0003. What is the probability that the network will be shut down in 5000 days.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
the probability that a network will be shut down on any given day is .0003. What is the probability that the network will be shut down in 5000 days.
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P(down >= 1 in 5000 days) = 1 - P(up for 5000 days)
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= 1 - 0.9997^5000
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= 1 - 0.2231
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= 0.7769
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Cheers,
Stan H.
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