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Mathematics, 11.03.2020 16:52 ashleyortego5106

Despite a series of quality checks by a company that makes television sets, there is a probability of 0.07% that a newly purchased television set does not work properly. If the company sells 250,000 television sets per year, estimate the probability that there will be less than 200 unsatisfied customers in a given year. Compare this value to the exact probability as calculated using a binomial cdf.

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