It is believed that 71% of tickets purchased for an upcoming music festival are actually legitimate tickets. The rest are fake tickets sold by scam artists. Assume everyone who bought a ticket shows up at the concert.If security guards at the festival randomly select 4 tickets to examine in more detail, what is the probability that exactly 1 of those tickets is legitimate?Write your answer as a decimal rounded to the nearest thousandth.____
Q. It is believed that 71% of tickets purchased for an upcoming music festival are actually legitimate tickets. The rest are fake tickets sold by scam artists. Assume everyone who bought a ticket shows up at the concert.If security guards at the festival randomly select 4 tickets to examine in more detail, what is the probability that exactly 1 of those tickets is legitimate?Write your answer as a decimal rounded to the nearest thousandth.____
Use Binomial Probability Formula: Use the binomial probability formula: P(X=k)=C(n,k)⋅(p)k⋅(1−p)(n−k). Here, n=4, k=1, and p=0.71.
Calculate C(4,1): Calculate C(4,1) which is 1!×(4−1)!4!. That's 14 which is 4.
Calculate (0.71)1: Now calculate (0.71)1 which is just 0.71.
Calculate (0.29)3:(0.29)3 equals 0.29×0.29×0.29, which is 0.024389.
Multiply All Values Together: Now multiply all the values together: 4×0.71×0.024389.
Multiply All Values Together: Now multiply all the values together: 4×0.71×0.024389.The multiplication gives us 4×0.71×0.024389 equals 0.0692 when rounded to the nearest thousandth.
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