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An insurance salesperson is about to sell life insurance policies to 7 unrelated women, all of whom are of the same age, belong to the
An insurance salesperson is about to sell life insurance policies to 7 unrelated women, all of whom are of the same age, belong to the same race, and are in good health. According to independent actuarial estimates, the probability of a woman of this age, race, and health status being alive 20 years from now is 80%. What is the probability that in 20 years all 3 women are alive?
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