It is known that diskettes produced by a certain company will be defective with probability $0.0014$, independently of each other.*
--Find exactly-- and --compute approximately (?)-- the probability to find at least 2 diskettes to be defective , from a random sample of 1000 diskettes.
I'm new to this so here's my first thoughts, you don't have to use my notations:
*At this point we understand that 0.0014 is an independed event.
We should define the number of defective diskettes as $X$.
I guess, for starters, want to find $P(X \ge 2)$ which is equal to $$P(X=2)+P(X=3)+\dots+P(X=1000) = $$ $$\binom{2000}{2}(0.0014)^2(1-0.0014)^{2000-2}+\dots+\binom{2000}{2000}(0.0014)^{2000}(1-0.0014)^{0}$$
As ctlusto and Robert Israel stated the exact solution is right (and can be found with an easier way)
For the approximation solution:
So we get to the main questions (updated):
What does he mean by approximation?
How do you choose the right approximation (generally)?
Can someone help me solve it with a simple way, maybe some theory in between like in this question Probability about students and exams. would be appreciated.
By Robert Israel's guidance I think that by using Poisson distribution we have: $$1 - ({e^{-2.8}2.8^{0} \over 0!} + {e^{-2.8}2.8^{1} \over 1!})$$
You correctly used the binomial distribution with $n= 2000$ and $p = .0014$ here (although, as ctlusto indicated, you would find it easier to compute $P(X < 2)$).
For the approximation, you want to use a Poisson distribution. When $n$ is large and $p$ is small, with $np$ not too big, the Poisson distribution with parameter $\lambda = np$ is a good approximation to the binomial distribution with parameters $n$ and $p$.