Statistics and probability problem | Business & Finance homework help
The probability that the male sample will have at most three more days of absences than the female sample can be calculated using a binomial distribution. Since we are looking for a maximum of three days difference, the total number of possible cases is four (0 day difference, 1 day difference, 2 day difference and 3 day difference). The probability for each case can then be determined as follows:
P(0 Day Difference) = (100 choose 50) * 0.5^50 * 0.5^50 = 0.20
P(1 Day Difference) = (100 choose 51) * 0.5^51 * 0.5^49 = 0.20
P(2 Day Difference) = (100 choose 52) * 0.5^52 * 0.5^48 = 0.18
P(3 Day Difference)= (100 choose 53) *0 .5*53*0 . 5*47=0 .16
Therefore, when all these probabilities are added together, we get a final result of P(at most 3 day difference) = 20% + 20% + 18% + 16%= 74%.