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-   -   Probabilities and ATM machines (https://www.askmehelpdesk.com/showthread.php?t=464632)

  • Apr 14, 2010, 04:19 AM
    boubette
    Probabilities and ATM machines
    The average number of cards retained by mistake during a month by two ATMs of a bank is 1 in 10,000 for the first and 1 in 5,000 for the second. Given that during a specific year 15 cards were retained in total by both ATMs, what is the probability that 8 of them were retained by the first machine? Please help me with the question!
  • Apr 16, 2010, 01:02 PM
    ebaines

    Boubette - I think you have left out some important information, which makes it impossible to answer this queston. Specifically - can you tell us how many cards were used in each machine?
  • Apr 16, 2010, 07:25 PM
    InfoJunkie4Life

    I am thinking that statistically speaking 2/3 of the retained cards should be held by the second considering that it retains twice as many. I'm not too good in statistics, but it would seem to me that the 8/15 would somehow be influenced by the 2/3 ratio probability.

    Just thinking aloud (or awrite?) here. Don't quote me, and I'm not saying I'm right either... just throwing out some ideas and assumptions... getting the train rolling.
  • Apr 17, 2010, 10:54 AM
    galactus

    We may be able to use a hypergeometric probability here.
    The problem spans over a year, but the probabilities given are for one month.
    If 15 are kept by machine 1, then the other 7 are kept by machine 2.
    Doing this, I get .115 as the probability that 8 out of 15 are kept by machine 1.

    Seem reasonable?

    It most likely doesn't matter anyway because I doubt if the poster repsonds back.
  • Apr 19, 2010, 05:58 AM
    ebaines

    Galactus - you are assuming that an equal number of cards were used in each ATM, right?

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