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An official from the securities commission estimates that 20% of all investment bankers have profited from the use of insider information. Assume that 16 investment
An official from the securities commission estimates that 20% of all investment bankers have profited from the use of insider information. Assume that 16 investment bankers are selected randomly and independently from the commission's registry. Find the probability that at most 5 have profited from insider information.
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