A commuter must pass through three traffic lights on her way to work. For each light, the
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a. What is the probability that all three lights are green?
b. The commuter goes to work five days per week. Let X be the number of times out of the five days in a given week that all three lights are green. Assume the days are independent of one another. What is the distribution of X?
c. Find P(X = 3).
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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