If $X$ is the number of successes in a Binomial Distribution
Then, $P(X \leq K) = \dbinom{n}{k} (1-p)^{(n-k)}$
However, when I apply it to the case where $p=0.003$ $n=1000$ $k=1$
I get $P= 50.43$!!!
What am I missing??
If $X$ is the number of successes in a Binomial Distribution
Then, $P(X \leq K) = \dbinom{n}{k} (1-p)^{(n-k)}$
However, when I apply it to the case where $p=0.003$ $n=1000$ $k=1$
I get $P= 50.43$!!!
What am I missing??
It should be $P(X = k) = \dbinom{n}{k} p^k(1-p)^{n-k}$ and hence $P(X \leq k) = \sum_{r=0}^k\dbinom{n}{r} p^r(1-p)^{n-r}$.