Answer:
1. The probability that it takes at least four attempts to pull out a 2004 quarter is 0.0678
2. The best simulation to be used is the geometric distribution
Explanation:
Here, we have make use of the geometric probability distribution which allows us to find the number of Bernoulli trials are required to get a success or the probability that the first success of Bernoulli distribution, requires k trials
The relation for the geometric distribution is given as follows
Where:
X = Number of trial before success
k = The number of trials = 4
p = Probability of success = 9% = 0.09
Plugging in the values, we have;
Pr(4) = (1 - 0.09)⁴⁻¹×0.09 = 0.0678.