Questions: It is known that 10 out of 15 members of the board of directors of a company are in favor of paying a bonus to its executives. Suppose three members are randomly selected by the media.
What is the probability that all of them are in favor of a bonus?
Transcript text: It is known that 10 out of 15 members of the board of directors of a company are in favor of paying a bonus to its executives. Suppose three members are randomly selected by the media.
What is the probability that all of them are in favor of a bonus?
Solution
Solution Steps
Step 1: Define the Problem
We need to find the probability that all three members selected by the media are in favor of paying a bonus to the executives. Given the total number of board members \( N = 15 \), the number of members in favor \( K = 10 \), and the number of members selected \( n = 3 \), we want to calculate \( P(X = 3) \).
Step 2: Apply the Hypergeometric Distribution Formula
The probability of drawing exactly \( k \) successes (members in favor) in \( n \) draws from a finite population is given by the hypergeometric distribution: