Answer :
There is a 0.6543 percent chance that no leak will ever appear in any of the homes.
What do you mean by random variable?
A random variable is a numerical representation of how a statistical experiment turned out. Discrete random variables can only take on a finite number of values or an infinite series of values, but continuous random variables can take on any value within a range on the real number line.
Let X represent the quantity of leak-prone homes in a city.
There is a 0.02 percent chance that a house in an urban location may experience a leak.
A sample of n = 21 homes is chosen at random.
Every home has a distinct chance of developing a leak.
As a result, the random variable X follows a binomial distribution with the parameters p = 0.02 and n = 21.
The likelihood that none of the homes will have a leak should be calculated as follows: The likelihood that none of the homes will experience a leak is therefore 0.6543.
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