Answer:
0.9412 = 94.12% probability that none of the gauges fails
Step-by-step explanation:
For each gauge, there are only two possible outcomes. Either it fails, or it does not. The probability of a gauge failing is independent of other gauges. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which
is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
3 gouges, each with a 0.02 probability of failing.
This means that
What is the probability that none of the gauges fails?
This is P(X = 0).
0.9412 = 94.12% probability that none of the gauges fails