Let "X=" the number of defective components: "X\\sim Bin(n,p)"
Given that "n=24,p=0.04"
The probability that this whole shipment will be accepted is
"=\\binom{24}{0}0.04^0(1-0.04)^{24-0}+\\binom{24}{1}0.04^1(1-0.04)^{24-1}+"
"+\\binom{24}{2}0.04^2(1-0.04)^{24-2}\\approx"
"\\approx0.375413+0.375413+0.179886\\approx0.9307"
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