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A businessman is evaluating the effectiveness of his advertising strategy in increasing sales of his products. The data shows his advertising expenditure x (in thousands of TZS) and the corresponding sales revenue y (in hundreds of thousands of TZS).
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c) Probability that none of the polluting trucks will be included in the inspector's sample.
This is a problem involving combinations, specifically the hypergeometric distribution, as we are selecting a sample without replacement from a finite population.
Identify the parameters for the hypergeometric distribution.
Total number of trucks () = 25
Number of polluting trucks () = 3
Number of non-polluting trucks () =
Sample size () = 5
Number of polluting trucks in the sample () = 0 (since none are included)Use the hypergeometric probability formula.
The probability is given by:
Substitute the values:
Calculate the combinations.
Substitute the combination values into the probability formula and calculate.
Rounding to four decimal places:
The probability that none of the polluting trucks will be included in the inspector's sample is .
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