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Question a particular firm carried out an extensive study

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Question: A particular firm carried out an extensive study into the costing of a specific type of project. it was found that the probability of completing such projects to budget is 0.2.

Calculate the following probabilities for 9 projects of this type:

  • that none will be completed to budget.
  • that less than two will completed to budget.
  • that exactly two will be completed to budget.
  • that more than two will be completed to budget.

Reference no: EM13585116

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