Probability of at least two profits

Reference no: EM131852889

If the probability of finding a net profit on any one job is a constant p, what is the probability of observing all successes or all failures in a sequence of m jobs (Bernoulli trials)? If p = 0.1, plot the PMF and CDF of zero, one, two, three, four, five profits in five jobs. What is the probability of at least two profits? Two or fewer profits?

Reference no: EM131852889

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