If jenny gets paid $40 for 3 bracelets, then how much will she get paid for 10 bracelets?
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Solution: The given problem is a binomial distribution.
The probability that a team member receives a scholarship is
Therefore, the given problem follows binomial with n = 5 and p = 0.6667
Now the probability that 4 of 5 players selected are on scholarship is:
Therefore, the probability that 4 of 5 players selected are on scholarship is 0.329