a factory produces the same number of good and defective products, 3 are selected randomly and are inspected. what are the odds of obtaining:
1) 2 defective products
2) at most 2 defective products
3) no defective products
4) at least 1 defective product
5) 3 defective products
P(defective product), p = 0.5
P(good product), q = 0.5
Sample size, n = 3
Binomial distribution: P(X) = nCx px qn-x, where x is the number of defective products
1) P(2 defective products), P(X = 2) = 3C2 x 0.52 x 0.5
= 0.375
Odds of 2 defective products = 0.375 : (1 - 0.375)
= 3 : 5
2) P(at most 2 defective products) = 1 - P(3 defective)
= 1 - 0.53
= 0.875
Odds of at most defective products = 0.875 : (1-0.875)
= 7 : 1
3) P(no defective products) = P(0)
= 0.53
= 0.125
Odds of no defective products = 0.125 : (1-0.125)
= 1 : 7
4) P(at least 1 defective product) = 1 - P(no defective product)
= 1 - 0.125
= 0.875
Odds of at least 1 defective product = 0.875 : (1-0.875)
= 7 : 1
5) P(3 defective products) = 0.53
= 0.125
Odds of 3 defective products = 0.125 : (1-0.125)
= 1 : 7
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