I’m trying to put together an app for fun that has a scenario where I need to figure out a probability equation for the following scenario:
Suppose I have a number of attempts at something and each attempt has a success rate (known ahead of time). What are the odds after doing all those attempts that a success happens?
For example there are three attempts (all will be taken individually).
The first is known to have a 60% success rate.
The second is known to have a 30% success rate.
The third is known to have a 75% success rate.
What are the odds of a success occurring if all three attempts are made?
I’ve tried several formulas and can’t pinpoint the correct one.
Thanks for the help!
Probability of winning is probability of not losing all three:
1 – (1 – 0.6)(1 – 0.3)(1 – 0.75)