Thread: probabilities

Historically, a company that mails it's monthly catalog to potential customers recieves orders from 8 percent of the addresses. If 500 addresses are selected randomly from the last mailing, what is the probability that between 35 and 50 orders were recieved from this sample?

Hello.

Originally Posted by jax760

Historically, a company that mails it's monthly catalog to potential customers recieves orders from 8 percent of the addresses. If 500 addresses are selected randomly from the last mailing, what is the probability that between 35 and 50 orders were recieved from this sample?

So you ask about two different probabilities. first: exact 35 orders; second: exact 50 orders

the probability "exact 35 orders" is according to the binomial distribution



p(exact 50 orders) =

Edit:
OH yea, actually it is "between 35 and 50". I didn't read the word "between". That makes a big difference. Thanks to mr fantastic

In that case you have to sum the probabilities like this



Sorry for the mistake.

Regards
Rapha

Originally Posted by jax760

Historically, a company that mails it's monthly catalog to potential customers recieves orders from 8 percent of the addresses. If 500 addresses are selected randomly from the last mailing, what is the probability that between 35 and 50 orders were recieved from this sample?

Originally Posted by Rapha

Hello.



So you ask about two different probabilities. first: exact 35 orders; second: exact 50 orders

the probability "exact 35 orders" is according to the binomial distribution



p(exact 50 orders) =

Regards
Rapha

Actually the cumulative probability is required where X ~ Binomial(n = 500, p = 0.08).