I encountered this question in my Data Management and Statistics textbook. I tried to calculate the probability using binomial theorem and combinations/permutations, but I could only get close to the answer. I would really appreciate any help with this question:
If Joe buys a cereal box and it has the following probabilities of giving one of the five possible rewards:
- Toy Car: 20%
- Toy Truck: 30%
- Toy Spoon: 10%
- Toy Doll: 35%
- Toy Gun: 5%
What is the probability of Joe getting all the rewards after buying 15 cereal boxes?
Thank you in advance
Use the Inclusion/Exclusion principle:
Start with $1$
Subtract the following:
Add the following:
Subtract the following:
Add the following:
Please note that the sum of the probabilities is equal to $1$.
If it was smaller, then you would also need to subtract the probability of not winning C,T,S,D,G.
Here is a Python script for calculating that:
The result is $0.54837227253$.