A shop recorded total sales of $2,000 on Monday. On Tuesday, its sales fell by 10%. On Wednesday, sales fell by another 20% comp
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Answer:
P(X=5)=0.1032
Step-by-step explanation:
This variable can be modeled by a binomial distribution, with parameters n=15 (sample size) and p=0.2 (the individual probability that the company use a consultant).
The probability that k companies that outsource overseas use a consultant can be written as:
Then, the probability that exactly five companies that outsource overseas use a consultant is: