QUESTION IMAGE
Question
find the probability of exactly two successes in five trials of a binomial experiment in which the probability of success is 50%.
p = ?%
round to the nearest tenth of a percent.
Step1: Recall the binomial probability formula
The binomial probability formula is \(P(X = k)=C(n,k)\times p^{k}\times(1 - p)^{n - k}\), where \(n\) is the number of trials, \(k\) is the number of successes, \(p\) is the probability of success in a single trial, and \(C(n,k)=\frac{n!}{k!(n - k)!}\)
Step2: Identify the values of \(n\), \(k\), and \(p\)
Given \(n = 5\), \(k=2\), \(p = 0.5\) (since \(50\%=0.5\)), and \(1-p=0.5\)
Step3: Calculate the combination \(C(n,k)\)
Step4: Substitute the values into the binomial probability formula
Step5: Convert the decimal to a percentage
\(0.3125\times100\% = 31.25\%\)
Step6: Round to the nearest tenth of a percent
Rounding \(31.25\%\) to the nearest tenth of a percent gives \(31.3\%\)
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\(31.3\%\)