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Solution of problem N1624 Bernoulli probability theory

Solution of problem N1624 Bernoulli probability theory

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Product description

  • On average, every eighth contract with an insurance company ends with an insurance event. The company has completed 6 contracts. Find the probability that the insured event will occur: a) 1 time; b) at least 2 times.

Additional information

Detailed solution. Decorated in Microsoft Word 2003 (Quest decided to use the formula editor)