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posted by  boro on 10/12/2008 10:53:09 AM  |  status: Live  

Binomial

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Statistics and Probability N/A N/A N/A
Question Details:
Aprescription drug firm claims that 12% of all the new drugs shown to be effective in animal tests ever make it through a clinical testing program and onto a market. If a firm has 15 new compounds that have shown effectiveness in animal test, find the following probability.
a) None reach the market
b) One or more reach the market
c) Two or more reach the market
d) Does this satisfy the properties of a binomial experiment? Why or why not?
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posted by "DONALD" on 10/13/2008 1:10:41 PM  |  status: Live
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Response Details:
Given information is Aprescription drug firm claims that 12%(P) of all the new drugs shown to be effective in animal tests ever make it through a clinical testing program and onto a market. If a firm has 15(n) new compounds that have shown effectiveness in animal test,
a) then the probability that None reach the market is given by
 
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