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3 4 . Companies and institutions across industries understand that it is less expensive to prevent cyber attacks than it is to repair the damage

34. Companies and institutions across industries understand that
it is less expensive to prevent cyber attacks than it is to repair the damage if they happen. A researcher finds that two out
of three large corporations earmark at least 5% of their
IT budgets for cybersecurity. His survey was based on
1,000 large companies. What is the probability that more than
75 of 120 large companies will earmark at least 5% of their IT
budgets for cybersecurity?

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