Thirty-seven percent of all light emitting diode (LED) displays are manufactured by Samsung. What is the probability that in a collection of three independent LED HDTV purchases, at least one is a Samsung? (Round your answer to 3 decimal places.)
Probability of success ( p ) = 37% = 0.37
Number of trials = 3
Number of success = 1
we want to find P( x 1)
formula for probability of binomial distribution is
p(X=x) = nCx * Px * (1 - P )n-x
P( x 1) = P(x=1) + P(x=2) + P(x=3)
P( x 1) = 3C1 * 0.371 * ( 1 - 0.37)3-1 + 3C2 * 0.372 * ( 1 - 0.37)3-2 + 3C3 * 0.373 * ( 1 - 0.37)3-3
P( x 1) = 0.4406+0.2587+0.0507
P( x 1) = 0.75
probability that in a collection of three independent LED HDTV purchases= 0.75
Answer= 0.75
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