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$675 borrowed for six years at an interest rate of 10% how much is interest
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The probability is 0.0008.
I used a binomial probability on this one, since there are two outcomes (either pass or fail); the events are independent (the probability of one person passing does not influence the probability of another passing); and there are a fixed number of trials (in this case, 20).
For binomial probabilities, we use the formula:
With our information, we have:
I used a binomial probability on this one, since there are two outcomes (either pass or fail); the events are independent (the probability of one person passing does not influence the probability of another passing); and there are a fixed number of trials (in this case, 20).
For binomial probabilities, we use the formula:
With our information, we have: