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An insurance agent has appointments with four prospective clients tomorrow. From past experience the agent knows that the probability of making a sale on any
An insurance agent has appointments with four prospective clients tomorrow. From past experience the agent knows that the probability of making a sale on any appointment is 1 out of 5. Using the rules of probability, what is the likelihood that the agent will sell a policy to at least 3 of the 4 prospective clients?
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