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Each day a large animal clinic schedules 10 horses to be

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Each day a large animal clinic schedules 10 horses to be tested for a common respiratory disease. The cost of each test is $80. The probability of a horse having the disease is 0.1. If the horse has the disease, treatment costs $500.

a). What is the probability that at least one horse will be diagnosed with the disease on a randomly selected day?

b). What is the expected daily revenue that the clinic earns from testing horses for the disease and treating those that are sick?

Reference no: EM13615201

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