Cathy is planning to take the Certified Public Accountant Examination (CPA exam). Records kept by the college of business from which she graduated indicate that 60% of students who graduated pass the CPA exam. Assume that the exam is changed each time it is given. Let n = 1, 2, 3, ... represent the number of times a person takes the CPA exam until the first pass. (Assume the trials are independent.) (a) What is the probability that Cathy passes the CPA on the first try? (Use 2 decimal places.)(b) What is the probability that Cathy passes the CPA exam on the second or third try? (Use 4 decimal places.)
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Cathy is planning to take the Certified Public Accountant Examination (CPA exam). Records kept by the college of business from which she graduated indicate that 60% of students who graduated pass the CPA exam. Assume that the exam is changed each time it is given. Let n = 1, 2, 3, ... represent the number of times a person takes the CPA exam until the first pass. (Assume the trials are independent.)
(b) What is the probability that Cathy passes the CPA exam on the second or third try? (Use 4 decimal places.)
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