4. A home products manufacturer estimates that the probability of being sued for product defects is 1%
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4. A home products manufacturer estimates that the probability of being sued for product defects is 1% per year per product manufactured. If the firm cur- rently manufactures 20 products, what is the probability that the firm will experience no lawsuits in a given year?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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