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Probability that all of the résumés in the sample

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Consider an executive job applicant pool. The probability that an applicant has lied on his/her résumé is 0.24. Suppose that 5 résumés are randomly selected from the applicant pool. Under the circumstances, it is reasonable to assume that the event that a given applicant has lied is statistically independent of the event that another applicant has lied.

What is the probability that all of the résumés in the sample are truthful?

Express your answer in decimal form to 3 decimal places.

Reference no: EM131943759

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