Math Problem Statement
(Please provide necessary R statements) A utility company might offer electrical rates based on time-of-day consumption to decrease the peak demand in a day. Enough customers need to accept the plan for it to be successful. Suppose that among 50 major customers, 15 would accept the plan. The utility selects 10 major customers randomly (without replacement) to contact and promote the plan. (a) What is the probability that exactly two of the selected major customers accept the plan? (b) What is the probability that at least one of the selected major customers accepts the plan?
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Probability
Hypergeometric Distribution
Sampling without Replacement
Formulas
P(X = k) = [C(K, k) * C(N - K, n - k)] / C(N, n)
P(X >= 1) = 1 - P(X = 0)
Theorems
Hypergeometric Distribution Formula
Suitable Grade Level
Grades 11-12
Related Recommendation
Probability of Customers Accepting a Utility Plan Using Hypergeometric Distribution
Hypergeometric Distribution in Sampling Problem: Radios with Two Slots
Calculating Probabilities with Hypergeometric Distribution for Defective Lightbulbs
Probability of Selecting Exactly 3 Green Balloons from a Set of 7
Probability of Passing a Multiple Choice Test with Random Guesses