Question 1064747
To raise money, a club is selling 500 raffle tickets. Each ticket has a 5% chance of winning a prize. K'Lynn buys 6 tickets. To the nearest percent, find the probability of each outcome:
Binomial Problem with p = 0.05 ; n = 6 
a) winning exactly one time
P(x = 1) = 6C1*(0.05)*(0.95)^5 = binompdf(6,0.05,1) = 0.2321
----------------------------------
b) winning exactly two times:: 6C2*0.05^2*0.95^4 = binompdf(6,0.05,2) = 0.0305
------------------------------------
c) winning exactly four times:: 6C4*0.05^4*0.95*2 = binompdf(6,0.05,4) = 
0.00008461
-------------
Cheers,
Stan H.
--------------------