
John M. answered 05/18/16
Tutor
5.0
(87)
Master's in Statistics with 17 Years of Probability Experience.
This is an example of binomial probability. You have the five trials, each with a 30% chance of success and a 70% chance of failure.
The formula for binomial probably is:
P(x successes) = (nCx) · px · (1-p)n-x
where p is the probability of success on any given trial.
Therefore,
P (2 success) = (5C2) · (.30)2 · (1-.30)5-2 = 10 · (.30)2 · (.70)3 = 0.3087
Next, P (At least 2) = P(2 successes) + P(3 successes) + P(4 successes) + P(5 successes)
= (5C2) · (.30)2 · (1-.30)5-2 + (5C3) · (.30)3 · (1-.30)5-3 + (5C4) · (.30)4 · (1-.30)5-4 + (5C5) · (.30)5 · (1-.30)5-5
= 10 · (.30)2 · (.70)3 + 10 · (.30)3 · (.70)2 + 5 · (.30)4 · (.70)1 + 1 · (.30)5 · (.70)0
= 0.33003