Let's say I have 40 balls in this distribution:
Type A: 25
Type B: 10
Type C: 5
If I am going to blindly pull out 10 balls without replacement, what are the chances I get AT LEAST:
5 of Type A
3 of Type B
Any ideas how to create this equation and if Excel has any formulas that make this simpler? I need an equation because I have about 100+ of these calculations to perform. If not, any idea how to create a monte carlo simulation of this?
Thanks in advance folks!
-Tommy
Type A: 25
Type B: 10
Type C: 5
If I am going to blindly pull out 10 balls without replacement, what are the chances I get AT LEAST:
5 of Type A
3 of Type B
Any ideas how to create this equation and if Excel has any formulas that make this simpler? I need an equation because I have about 100+ of these calculations to perform. If not, any idea how to create a monte carlo simulation of this?
Thanks in advance folks!
-Tommy