An analyst predicted that 3.5% of all small corporations would file for bankruptcy in the coming year.

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An analyst predicted that 3.5% of all small corporations would file for bankruptcy in the coming year. For a random sample of 100 small corporations, estimate the probability that at least 3 will file for bankruptcy in the next year, assuming that the analyst’s prediction is correct.

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Statistics For Business And Economics

ISBN: 9780273767060

8th Global Edition

Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne

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