SOLUTION: The probability that a new medication produces a bad side effect is 0.02. Estimate the probability that exactly 3 out of 50 will experience the bad side effect.

Question 967095: The probability that a new medication produces a bad side effect is 0.02. Estimate the probability that exactly 3 out of 50 will experience the bad side effect.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The probability that a new medication produces a bad side effect is 0.02. Estimate the probability that exactly 3 out of 50 will experience the bad side effect.
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Binomial Problem with n = 50 and p(bad effect) = 0.02
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P(x = 3) = 50C3*0.02^3*0.98^47 = binompdf(50,0.02,3) = 0.06067
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Cheers,
Stan H.
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