Aja’s favorite cereal is running a promotion that says 1-in-4 boxes of the cereal contain a prize. Suppose that Aja is going to buy 5 boxes of this cereal, and let represent the number of prizes she wins in these boxes. Assume that these boxes represent a random sample, and assume that prizes are independent between boxes.
What is the probability that she wins at most 1 prize in the 5 boxes?
You may round your answer to the nearest hundredth.
0.63
Solution:
(1)