Answer:
The probability that at most 3 attempts are required to produce a craft item with satisfactory quality is 0.9375
Explanation:
Let E be a random variable denoting the event that an artist makes a craft item with satisfactory level.
Then the random variable E follows a Geometric distribution.
A Geometric distribution is defined as the number of failures (k) before the first success.
The probability function of Geometric distribution is:
, p = Probability of success and k = 0, 1, 2, 3...
The probability of success is, p = 0.5 and the number of failures is, k = 3.
Compute the probability of at most 3 attempts before the first success is:
![P(X\leq 3) =P(X=3)+P(X = 2)+P(X=1) +P(X = 0)\\=[(1-0.5)^(0)*0.5]+[(1-0.5)^(1)*0.5]+[(1-0.5)^(2)*0.5]+[(1-0.5)^(3)*0.5]\\=0.9375](https://img.qammunity.org/2021/formulas/mathematics/college/i2sbyepnwzksfligs0hc1kqvpy5qzrxri3.png)
Therefore, the probability that at most 3 attempts are required to produce a craft item with satisfactory quality is 0.9375.