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Mathematics, 19.06.2020 21:57 mrme41
You are bidding on five items available on an online shopping site. You think that for each bid you have a 35% chance of winning it, and the outcomes of the five bids are independent events. Let X denote the number of winning bids out of the five items you bid on. Find the probabilities. a. Explain why the distribution of X can be modeled by the binomial distribution. b. Find the probability that you win exactly 3 bids. c. Find the probability that you win 3 bids or fewer. d. Find the probability that you win more than 3 bids.
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You are bidding on five items available on an online shopping site. You think that for each bid you...
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