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Approximately 58% of eligible voters voted in the 2016 US Presidential election. If 8 eligible voters are randomly elected, use the binomial distribution to find the probability that less than 3 voted in the election. Round to the nearest thousandth (i.e. 3 decimal places). A company makes electronic gadgets. One out of every 50 gadgets is faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $3 profit on the sale of any working gadget, but suffers a loss of $80 for every faulty gadget because they have to repair the unit. Find the expected profit per gadget for the company.
Sagot :
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