An insurance company prices its Tornado insurance using the following assumptions: . In any calendar year, there can be at most one tornado. . In any calendar year, the probability of a tornado is 0.07. . The number of tornadoes in any calendar year is independent of the number of tornados in any other calendar year. Using the insurance company's assumptions, calculate the probability that there are fewer than 3 tornadoes in a 11-year period. Round your answer to four decimal places. Submit Question The owner of a small deli is trying to decide whether to discontinue selling magazines. He suspects that only 9.5% of his customers buy a magazine and he thinks that he might be able to use the display space to sell something more profitable. Before making a final decision, he decides that for one day he will keep track of the number of customers that buy a magazine. Assuming his suspicion that 9.5% of his customers buy a magazine is correct, what is the probability that exactly 3 out of the first 14 customers buy a magazine? 0 0.0920394 0 0.0615102 0 0.104089 0 0.100053 0 0.112197 0 0.106113 Submit Question A manufacturer knows that their items have a normally distributed lifespan, with a mean of 12.6 years, and standard deviation of 1.6 years. If you randomly purchase one item, what is the probability it will last longer than 10 years? Round answer to three decimal places Submit