Posted by Ben on Wednesday, May 23, 2012 at 3:08pm.
We will have to assume the ESP estimation is correct.
The resulting distribution is binomial, with 5 questions, and probability of success p=1-0.6=0.4, q=1-p=0.6 (failure).
The probability of getting exactly n question correct (out of 5) is given by the binomial coefficient
C(5,n)p^n q^(5-n)
where C(5,n)=5!/(n!(5-n)!)
Example:
probability of getting 3 answers right
=P(3) = [5!/(3!2!)]0.4^3 0.6^2
=0.2304
To calculate the probability of getting at least three correct would be:
P(3)+P(4)+P(5)=0.317
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