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1 points See Al Over the last ten years a company's annual eamings increased year over year six (not seven) times and decreased four
1 points See Al Over the last ten years a company's annual eamings increased year over year six (not seven) times and decreased four times. You decide to model the number of earnings increases for the next decade as a binomial random variable. Define success as an increase in annual earnings. Create an estimate of the probability of success and assume that your estimate of the probability of success is the actual probability of success. What is the probability that eamings will increase in exactly four (not five) of the next ten years? Give your answer a a probability rounded to three decimal places, so in the format 0.XXX 1 points Save Answer Over the last ten years a company's annual earnings increased year over year six (not seven) times and decreased four times. You decide to model the number of eamings increases for the next decade as a binomial random variable. Define success as an increase in annual earnings Create an estimate of the probability of success and assume that your estimate of the probability of success is the actual probability of success. What is the probability that earnings will increase in exactly four (not five) of the next ten years? Give your answer as a probability rounded to three decimal places, so in the format 0XXXXX
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