Hi, could anyone help?
Calculating the probability of one successful outcome of an event when repeated up to 8 times? (probability is 5% of this independent event)
once successful repeats won't be made
So far I have got
Sucess P(A) = 0.05 failure P(B) = 0.95
number of attempts (K)= 8
so guess that total probability = success on 1st atempt+ success on2nd .... +success on 8th attempt
I would work that out as the total of succeeding 1st + failing 1st and succeeding 2nd etc
1st = 0.05
+2nd(0.95power1 x 0.05) = 0.0475
+3rd (0.95power2 x 0.05) = 0.045125
+4th (0.95power3 x 0.05) = 0.04286875
+5th (0.95power4 x 0.05) = 0.0407253125
+6th (0.95power5 x 0.05) = 0.038689046875
+7th (0.95power6 x 0.05) = 0.03675459453125
+8th (0.95power7 x 0.05) = 0.0349168648046875
The total of all this is the probability of one successful outcome of an event when repeated up to 8 times?
I am ignoring the instances where total failure on all 8 attempts or more than one success occurs.
If I just add all these events I get 0.7640795687109375 so 76% chance is that right? I dont think so, doesn't sound right. I know I can't just add 5% 8 times that would equal 40% and would mean 20 attempts would guarantee success (100% )while the greater the number of attempts the probability will tend towards 100% but will never reach that. So I know I am missing a step/method.
please help, many thanks in advance. Tim
Calculating the probability of one successful outcome of an event when repeated up to 8 times? (probability is 5% of this independent event)
once successful repeats won't be made
So far I have got
Sucess P(A) = 0.05 failure P(B) = 0.95
number of attempts (K)= 8
so guess that total probability = success on 1st atempt+ success on2nd .... +success on 8th attempt
I would work that out as the total of succeeding 1st + failing 1st and succeeding 2nd etc
1st = 0.05
+2nd(0.95power1 x 0.05) = 0.0475
+3rd (0.95power2 x 0.05) = 0.045125
+4th (0.95power3 x 0.05) = 0.04286875
+5th (0.95power4 x 0.05) = 0.0407253125
+6th (0.95power5 x 0.05) = 0.038689046875
+7th (0.95power6 x 0.05) = 0.03675459453125
+8th (0.95power7 x 0.05) = 0.0349168648046875
The total of all this is the probability of one successful outcome of an event when repeated up to 8 times?
I am ignoring the instances where total failure on all 8 attempts or more than one success occurs.
If I just add all these events I get 0.7640795687109375 so 76% chance is that right? I dont think so, doesn't sound right. I know I can't just add 5% 8 times that would equal 40% and would mean 20 attempts would guarantee success (100% )while the greater the number of attempts the probability will tend towards 100% but will never reach that. So I know I am missing a step/method.
please help, many thanks in advance. Tim