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Information: Random variable Z represents the number of successes observed in 500 repetitions of an experiment that has a probability of success of .4 (i.e. the chance of success is 40% for each of the 500 independent experiments). Using this information, determine the following values for the next 5 questions:
P(Z = 240), in other words, the probability that there were EXACTLY 240 successes in the 500 trials (round your answer to 2 decimal places):
Select one:
a. .00
b. .01
c. .03
d. .13
e. .53
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