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April 20, 2015

Homework Help: Statistics - College

Posted by Clara on Friday, May 29, 2009 at 9:44pm.

Dealing with binomials. P(Possible Prize) = 1/1000 n=52 P(winning)=P(x=1)=

P(x=1)=52! (1!51!)
(.(.001)1 (1-0.001)51

Is the answer 0.050949 OR 5.0949%?

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