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Many utility companies have begun to promote energy conservation by offering discount rates to customers who keep their energy use below certain limits. It is
Many utility companies have begun to promote energy conservation by offering discount rates to customers who keep their energy use below certain limits. It is known that 80% of the residents of a midwestern town have reduced their electricity use sufficiently to qualify for discount rates. Suppose that 6 residents are randomly selected from this town.
If this experiment of randomly selecting 6 residents is repeated a lot of times, what would be the expected number of qualifying residents?
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