ANSWERS
(a) P(X = 5) = 0.3277
(b) P(X ≥ 5) = 0.8520
(c) 10 employees must be scheduled
Step-by-step explanation
Let X be the number of employees that come to work. X follows a binomial probability with a probability of success p = 0.8.
The probability of exactly x successes on n repeated trials is,
(a) We have to find the probability that exactly 5 out of 5 employees come to work. In this case, n = 5 and x = 5,
(b) Now, we have to find the probability that of 7 employees, at least 5 come to work. In other words, the probability that 5, 6, or 7 employees come to work,
For each of these, n = 7 and x is 5, 6, and 7 respectively,
This is,
(c) If n is the number of scheduled employees the probability that at least 5 of those will come to work must be at least 99%,
This can be found using trial and error, as stated in the hint. To analyze this we can use the excel command =1 - BINOM.DIST(4, n, 0.8, true) for different values of n. We know from parts a and b that the probability of 5 coming to work when 5 are scheduled is about 32% and when 7 are scheduled to work is about 85%. We have to check values of n greater than 7,
If the probability must be greater than 99%, the minimum number of employees that must be scheduled is 10, and the probability that 5 out of those 10 employees come to work is about 0.9936