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There is an easier approach/formula for such problems rather than working out all the possible combinations.

If the probability of success in each trial is p, then the probability of r successes in n trials is \(^nC_r\) \(p^r\) \(q^{n-r}\)

Since, the question asks us to find out probability for at least 4 heads, it gives rise to two scenarios. r = 4 heads exactly or r = 5 heads exactly. And ADD the scenarios finally.

We can infer from the question that probability of heads = p = 0.6, r = 4 or 5, n=5 . Obviously probability for tails = q = 0.4.

This is the kickoff for my 2016-2017 application season. After a summer of introspect and debate I have decided to relaunch my b-school application journey. Why would anyone want...

Check out this awesome article about Anderson on Poets Quants, http://poetsandquants.com/2015/01/02/uclas-anderson-school-morphs-into-a-friendly-tech-hub/ . Anderson is a great place! Sorry for the lack of updates recently. I...

Time is a weird concept. It can stretch for seemingly forever (like when you are watching the “Time to destination” clock mid-flight) and it can compress and...