CAIE S1 2014 June — Question 3 5 marks

Exam BoardCAIE
ModuleS1 (Statistics 1)
Year2014
SessionJune
Marks5
PaperDownload PDF ↗
Mark schemeDownload PDF ↗
TopicBinomial Distribution
TypeState general binomial conditions
DifficultyModerate -0.8 Part (i) is pure recall of standard binomial conditions. Part (ii) is a straightforward binomial probability calculation using complement rule (1 - P(X ≤ 2)) with clearly stated parameters n=18, p=0.15. Both parts require only routine application of memorized facts and standard techniques with no problem-solving insight needed.
Spec2.04b Binomial distribution: as model B(n,p)2.04c Calculate binomial probabilities

3
  1. State three conditions which must be satisfied for a situation to be modelled by a binomial distribution. George wants to invest some of his monthly salary. He invests a certain amount of this every month for 18 months. For each month there is a probability of 0.25 that he will buy shares in a large company, there is a probability of 0.15 that he will buy shares in a small company and there is a probability of 0.6 that he will invest in a savings account.
  2. Find the probability that George will buy shares in a small company in at least 3 of these 18 months.

AnswerMarks Guidance
(i) constant / given p, independent trials, fixed / given no. of trials, only two outcomesB1 Any one correct
B12 Any 3 correct
(ii) \(P(x \geq 3) = 1 - P(0, 1, 2)\)M1 Any binomial expression \(p^r(1-p)^{18-r}\) \(^{18}C_r\) seen
\(= 1 - [(0.85)^{18} + (0.85)^{17}(0.15) \times 18 + (0.85)^{16}(0.15)^2 \times ^{18}C_2]\)M1 \(1 - P(0, 1, 2)\), any n,p,q
\(= 0.520\)A1 3
(i) constant / given p, independent trials, fixed / given no. of trials, only two outcomes | B1 | Any one correct
| B1 | 2 | Any 3 correct

(ii) $P(x \geq 3) = 1 - P(0, 1, 2)$ | M1 | Any binomial expression $p^r(1-p)^{18-r}$ $^{18}C_r$ seen
$= 1 - [(0.85)^{18} + (0.85)^{17}(0.15) \times 18 + (0.85)^{16}(0.15)^2 \times ^{18}C_2]$ | M1 | $1 - P(0, 1, 2)$, any n,p,q
$= 0.520$ | A1 | 3 | Correct answer
3 (i) State three conditions which must be satisfied for a situation to be modelled by a binomial distribution.

George wants to invest some of his monthly salary. He invests a certain amount of this every month for 18 months. For each month there is a probability of 0.25 that he will buy shares in a large company, there is a probability of 0.15 that he will buy shares in a small company and there is a probability of 0.6 that he will invest in a savings account.\\
(ii) Find the probability that George will buy shares in a small company in at least 3 of these 18 months.

\hfill \mbox{\textit{CAIE S1 2014 Q3 [5]}}