A new device has been developed that has two electrical circuits that work in parallel and two memory chips. The second chip backs up the first. Whether the individual chips or electrical circuits fail are independent. (a) The probability that a circuit fails is 0.12, and the probability that a memory chip fails is 0.08. The device fails, and the engineer testing it determines that both circuits have burned out. What is the probability that would occur? (b) The engineer determines that using only two circuits leaves too much to chance and decides to use three. He also does quality upgrade that lowers the probability of circuit failure to 0.04. What is the probability that all 3 upgraded circuits fail? (c) The engineer runs a final quality check, putting the device through as many extreme situations as he can. What is the probability that 3 upgraded circuits fail and 3 memory chips fail? (Round your answer to eight decimal places.)
Addition Rule of Probability
It simply refers to the likelihood of an event taking place whenever the occurrence of an event is uncertain. The probability of a single event can be calculated by dividing the number of successful trials of that event by the total number of trials.
Expected Value
When a large number of trials are performed for any random variable ‘X’, the predicted result is most likely the mean of all the outcomes for the random variable and it is known as expected value also known as expectation. The expected value, also known as the expectation, is denoted by: E(X).
Probability Distributions
Understanding probability is necessary to know the probability distributions. In statistics, probability is how the uncertainty of an event is measured. This event can be anything. The most common examples include tossing a coin, rolling a die, or choosing a card. Each of these events has multiple possibilities. Every such possibility is measured with the help of probability. To be more precise, the probability is used for calculating the occurrence of events that may or may not happen. Probability does not give sure results. Unless the probability of any event is 1, the different outcomes may or may not happen in real life, regardless of how less or how more their probability is.
Basic Probability
The simple definition of probability it is a chance of the occurrence of an event. It is defined in numerical form and the probability value is between 0 to 1. The probability value 0 indicates that there is no chance of that event occurring and the probability value 1 indicates that the event will occur. Sum of the probability value must be 1. The probability value is never a negative number. If it happens, then recheck the calculation.
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