Five independent trials of a binomial experiment with probability of success $p=0.7$ and probability of failure $q = 0.3$ are performed. Find the probability of each event.
At most three failures
Recall that the formula for the binomial probability is given by
$C(n,r) p^r q^{n-r}$
If the event should have at most three failures, then it means that the event must have at least two successes. Thus, we have
$
\begin{equation}
\begin{aligned}
P(\text{At least two successes}) =& P (\text{exactly 2 successes}) + P (\text{exactly 3 successes}) + P(\text{exactly 4 successes}) + P(\text{exactly 5 successes})
\\
\\
=& C(5,2) (0.7)^2 (0.3)^{5-2} + C(5,3) (0.7)^3 (0.3)^{5-3} + C(5,4) (0.7)^4 (0.3)^{5-4} + C(5,5)(0.7)^5 (0.3)^{5-5}
\\
\\
=& 0.1323+ 0.3087 + 0.36015 + 0.16807
\\
\\
=& 0.96922
\end{aligned}
\end{equation}
$
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