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Probability

A recent report in Business Week indicated that 20 percent of all employees steal from their company each year.

If a company employs 50 people, what is the probability that:

a. Fewer than 5 employees steal?
b. More than 5 employees steal?
c. Exactly 5 employees steal?
d. More than 5 but fewer than 15 employees steal?

Solution Summary

Solution contains calculations of probability.

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