I study economics and I am trying to solve this problem - without success, unfortunately.
A machine has a defect rate of 6%.
a) Chosen at random 4 pieces (with replacement) from the production flow, compute the probability that none is defective.
b) In the event that extractions are performed 60, compute the probability that there is at least one defective part.
I have no idea how to answer the first question. What logical processes can I use?
Regarding the second question, I thought of using the binomial random variable with $n = 60$ and $p = 0.06$. Then: $$\begin{multline} P (X \geq 1) = 1 - P (X < 1) = 1 - P (X = 0) = \\ = 1 - \binom{60}{0} \cdot (0.06)^ 0 \cdot (0.94)^{60} = 1 - 0.02446 = 0.97558.\end{multline}$$
Can somebody please explain me how to solve this problem? Thank you very much.