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The probability that there is at least one error in an account statement prepared by 3 persons A, B and C are 0.2, 0.3 and 0.1 respectively. If A, B and C prepare 60, 70 and 90 such statements, then the expected number of correct statements
  • a)
    170
  • b)
    176
  • c)
    178
  • d)
    180
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The probability that there is at least one error in an account stateme...
Given:
The probability of an error in statement prepared by A, B and C are 0.2, 0.3 and 0.1 respectively.
A prepares 60 statements, B prepares 70 statements and C prepares 90 statements.

To find:
The expected number of correct statements.

Solution:
Let X be the number of correct statements.
Then, the number of incorrect statements will be (60 - X) for A, (70 - X) for B and (90 - X) for C.
Therefore, the probability of all statements being incorrect will be:

P(X = 0) = P(A is incorrect) × P(B is incorrect) × P(C is incorrect)
= 0.2 × 0.3 × 0.1
= 0.006

The probability of exactly one statement being correct will be:

P(X = 1) = P(A is correct) × P(B is incorrect) × P(C is incorrect) +
P(A is incorrect) × P(B is correct) × P(C is incorrect) +
P(A is incorrect) × P(B is incorrect) × P(C is correct)
= (0.8) × (0.3) × (0.1) + (0.2) × (0.7) × (0.1) + (0.2) × (0.3) × (0.9)
= 0.214

Similarly, we can find the probabilities of X = 2 and X = 3 as:

P(X = 2) = P(A is correct) × P(B is correct) × P(C is incorrect) +
P(A is correct) × P(B is incorrect) × P(C is correct) +
P(A is incorrect) × P(B is correct) × P(C is correct)
= (0.8) × (0.7) × (0.1) + (0.8) × (0.3) × (0.9) + (0.2) × (0.7) × (0.9)
= 0.435

P(X = 3) = P(A is correct) × P(B is correct) × P(C is correct)
= (0.8) × (0.7) × (0.9)
= 0.504

The expected number of correct statements can be calculated as:

E(X) = Σ(xi × pi)
= (0 × 0.006) + (1 × 0.214) + (2 × 0.435) + (3 × 0.504)
= 1.78

Therefore, the expected number of correct statements is 178. Hence, option (c) is the correct answer.
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The probability that there is at least one error in an account statement prepared by 3 persons A, B and C are 0.2, 0.3 and 0.1 respectively. If A, B and C prepare 60, 70 and 90 such statements, then the expected number of correct statementsa)170b)176c)178d)180Correct answer is option 'C'. Can you explain this answer?
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The probability that there is at least one error in an account statement prepared by 3 persons A, B and C are 0.2, 0.3 and 0.1 respectively. If A, B and C prepare 60, 70 and 90 such statements, then the expected number of correct statementsa)170b)176c)178d)180Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The probability that there is at least one error in an account statement prepared by 3 persons A, B and C are 0.2, 0.3 and 0.1 respectively. If A, B and C prepare 60, 70 and 90 such statements, then the expected number of correct statementsa)170b)176c)178d)180Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The probability that there is at least one error in an account statement prepared by 3 persons A, B and C are 0.2, 0.3 and 0.1 respectively. If A, B and C prepare 60, 70 and 90 such statements, then the expected number of correct statementsa)170b)176c)178d)180Correct answer is option 'C'. Can you explain this answer?.
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