Question
Not all visitors to a certain company's website are ustomers. In fact, the website administrator estimates that about 5% of all visitors to the
Not all visitors to a certain company's website are ustomers. In fact, the website administrator estimates that about 5% of all visitors to the website are looking for other websites. Assuming that this estimate is correct, find the probability that, in a random sample of 5 visitors to the website, exactly 2 actually are looking for the website. Round your response to at least three decimal places. (If necessary, consult a list of formulas.)
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Fundamentals of Investments
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
3rd edition
132926172, 978-0132926171
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