In a big pool of balls, 14% are red. 150 balls are drawn randomly, approximate the probability that the number of red balls is more than 140.
it is a binomial probability distribution, because there is
fixed number of trials,
only two outcomes are there, success and failure
trails are independent of each other
and probability is given by
P(X=x) = C(n,x)*px*(1-p)(n-x) |
where
Sample size , n = 150
Probability of an event of interest, p = 0.14
P(X>140) = 1 - ΣC(n,x)*px*(1-p)(n-x) where x goes from 0 to 140
P(X>140) = 0.0000000
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