Rounding Probabilities...

A sum of money is rounded off to the nearest rupee, find the probability that the round off error is at least ten paise.

Paise is in Indian Currency and 100 paise = 1 rupee

The answer is in the form of a b \frac{a}{b} , enter the answer in the form of a + b a + b where a and b are both co primes.

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The answer is 181.

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1 solution

The sample space is S = ( 0.50 , 0.49 , 0.8 , . . . . , 0.01 , 0.00 , 0.01 , . . . . , 0.49 ) S = (-0.50, -0.49, -0.8, ....,-0.01, 0.00, 0.01, ...., 0.49) Let E be the event that the round off error is at least 10 paise , then E' is the event that the round off error is at most 10 paise .

E = ( 0.09 , 0.08 , . . . . , 0.01 , 0.00 , 0.01 , . . . , 0.09 ) E' = (-0.09, -0.08, ...., -0.01, 0.00, 0.01, ..., 0.09) n ( E ) = 19 a n d n ( S ) = 100 n(E') = 19 \quad and\quad n(S) = 100 p ( E ) = n ( E ) n ( S ) = 19 100 p(E') = \frac {n(E')}{n(S)} = \frac {19}{100}

R e q u i r e d P r o b a b i l i t y , p ( E ) = 1 P ( E ) \Rightarrow Required\quad Probability,\quad p(E) = 1 - P(E') = 1 19 100 = 1 - \frac{19}{100} = 81 100 = a b = \frac{81}{100} = \frac{a}{b} a + b = 81 + 100 = 181 \Rightarrow a + b = 81 + 100 = \boxed{181}

Sir, please edit the question that a and b are co prime. This cannot be neglected. Btw nice solution !

Venkata Karthik Bandaru - 6 years, 3 months ago

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Well, I don't think there's any need for putting it up. Because it isn't relevant in any way to the answer or does it help in reaching up to there.

Harshvardhan Mehta - 6 years, 2 months ago

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I think it should be mentioned though, or the answer can be 162+200, 243+300... to any such extent.

Vishnu Bhagyanath - 6 years ago

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@Vishnu Bhagyanath @Karthik Venkata @Vishnu Bhagyanath I have edited the question and mentioned it. ¨ \ddot \smile

Harshvardhan Mehta - 6 years ago

@Vishnu Bhagyanath Yes, exactly ! But Harshavardhan refuses to do so.

Typo in solution, you mean " E' is the event that the round off error is at most 10 paise"

Good solution otherwise.

Jared Low - 6 years, 3 months ago

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yeah thanks a lot for pointing it out.. ¨ \ddot \smile and yeah you were right some typo error maybe have corrected it..

Harshvardhan Mehta - 6 years, 2 months ago

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