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    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?

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    Solution Summary

    Solution contains calculations of probability.