You are raising money for your club by calling old club members. You are asking for a $10 donation from each member. Each call is independent and has a probability of success of receiving $10 on any one call is 60%. You need to raise $100 and you stop when you’ve achieved that goal. What is the probability that you take exactly 15 calls to reach your goal.

Respuesta :

Answer:

The probability that you take exactly 15 calls to reach your goal is 0.1240.

Step-by-step explanation:

Let X = number of calls that result in receiving $10.

The probability that a call result in receiving $10 is, p = 0.60.

The number of calls made to reach a goal of $100 is, n = 15.

The random variable X follows a Binomial distribution with parameters n = 15 and p = 0.60.

The probability mass function of X is:

[tex]P(X=x)={n\choose x}p^{x}(1-p)^{n-x};\ x=0,1,2,3...[/tex]

Now it is provided that it takes 15 calls to reach the goal, i.e. the 15th call was a success.

This implies that the probability of reaching the goal by the 15th call is same as the probability of 9 success in the previous 14 calls.

Compute the probability of 9 success in 14 calls as follows:

[tex]P(X=9)={14\choose 9}0.60^{9}(1-0.60)^{14-9}\\=2002\times 0.0101\times 0.01024\\=0.2066[/tex]

The probability of success in the 15th call is, 0.60.

Then the probability of reaching the goal by the 15th call

= P (X = 9) × 0.60

= 0.2066 × 0.60

=0.1240

Thus, the probability that you take exactly 15 calls to reach your goal is 0.1240.