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 , enter the answer in the form of where a and b are both co primes.
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The sample space is S = ( − 0 . 5 0 , − 0 . 4 9 , − 0 . 8 , . . . . , − 0 . 0 1 , 0 . 0 0 , 0 . 0 1 , . . . . , 0 . 4 9 ) 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 . 0 9 , − 0 . 0 8 , . . . . , − 0 . 0 1 , 0 . 0 0 , 0 . 0 1 , . . . , 0 . 0 9 ) n ( E ′ ) = 1 9 a n d n ( S ) = 1 0 0 p ( E ′ ) = n ( S ) n ( E ′ ) = 1 0 0 1 9
⇒ R e q u i r e d P r o b a b i l i t y , p ( E ) = 1 − P ( E ′ ) = 1 − 1 0 0 1 9 = 1 0 0 8 1 = b a ⇒ a + b = 8 1 + 1 0 0 = 1 8 1