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A financial adviser has determined that one out of seven customers who visit him has invested in a Ponzi scheme in the past. If the
A financial adviser has determined that one out of seven customers who visit him has invested in a Ponzi scheme in the past. If the adviser receives 12 customers in a month, what is the probability that no more than two of the customers have invested in a Ponzi scheme? Assume independence of occurrences.
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