A company is deciding on installing a 3-component or 5-component satellite system in XYZ town. It is known that the system functions on any given day if a majority of the satellite components function on that day. On a rainy day, each of the components independently functions with a probability of 0.4, whereas on a dry day, each independently functions with probability of 0.8. If it is twice as likely to have a rainy day as it is to have a dry day in XYZ town, should the company install the 3-component or 5-component system? Explain.
I would pick the 3 component system because it is twice as likely to rain then be dry. With the probability of the component working on a rainy day being 0.4 wouldn't it make sense to have the 3 component system because then you only need 2/3 functioning instead of 3/5? I'm not sure how to do this mathematically, can someone help me?