The problem states that a typical customer buys the bread $60\%$ of the time and fruit $50\%$ of the time on each visit. Also the probability that the customers buy both bread and fruit is $0.3$. Then, what is the probability that a typical customer buys Bread Exactly Three times in the next Five visits?
To solve the problem, I set the given conditions like this:
$P(B)=0.6$, $P(F)=0.5$, and $P(B \,and\, F)=0.3$. Then from here, I found that $P(B\,or F\,)=0.8$.
But after this, I couldn't come up with the right solution. Can you help me please? THanks!
This problem is #7 in part 2 of [this test] http://www.wsmc.net/contests/2008_Contest/regtopprob.pdf