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a.An oil exploration firm is formed with enough capital to finance eleven explorations. Assume the probability of a particular exploration being successful is . Assume
a.An oil exploration firm is formed with enough capital to finance eleven explorations. Assume the probability of a particular exploration being successful is . Assume the explorations are independent. Find the probability that
i.exactly 2 explorations are not successful.
ii.at most 2 explorations are not successful.
iii.at least 3 explorations are successful.
iv.between 4 and 7 explorations are successful.
Evaluate the mean and the standard deviation of the distribution.
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