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Statistics - Probability

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Suppose that the probability that a new medication will cause a bad side effect is 0.03. If this medication is given to 150 people, what is the probability that exactly three of them will experience a bad side effect.

Answer rounded to 4 decimal places.

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The expert determines the probability that exactly three patients will experience a bad side effect. A complete, neat and step-by-step solution is provided.

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