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4. (5pts each) Suppose that 38% of the 80 employees at Initech currently are contributing to a 401k offered as a part of company benefits.
4. (5pts each) Suppose that 38% of the 80 employees at Initech currently are contributing to a 401k offered as a part of company benefits. (Assume that each employee is contributing to their 401k independently of all other employees). a) Find the probability that under half of the employees contribute to a 401K. b) Find the probability that the first employee found who contributes to a 401k is the 15th employee looked at.
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