Question
In a sample survey of a village, the probability that a farmer is in debt is 0.60. What is the probability that three randomly selected farmers are all in debt (assume independence of events)?
In a sample survey of a village, the probability that a farmer is in debt is 0.60. What is the probability that three randomly selected farmers are all in debt (assume independence of events)?
C. 0.216
Let P(D) be the probability that a farmer is in debt. P(D) = 0.60 Since the selection of farmers is independent, the probability that all three randomly selected farmers are in debt is given by: P(D_1 D_2 D_3) = P(D_1) P(D_2) P(D_3) = 0.60 0.60 0.60 = 0.216 Answer: 0.216
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