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In a binomial experiment, the probability of success is .06. What is the probability of two successes in seven trials? Four percent of the customers

In a binomial experiment, the probability of success is .06. What is the probability of two successes in seven trials?

Four percent of the customers of a mortgage company default on their payments. A sample of five customers is selected. What is the probability that exactly two customers in the sample will default on their payments?

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