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Over the last ten years a compary/s annual earnings increased year over year six (not seven) times and decreased four times. You decide to model

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Over the last ten years a compary/s annual earnings increased year over year six (not seven) times and decreased four times. You decide to model the number of earnings increases for the next decade as a binomial random variable. Define success as an increase in annual eamings. Crease an estimate of the probability of success and assume that your eatimate of the probebility of success is the actual probabilisy of success. What is the probabilty that eamings will increase in exactly four (not five) of the next ten years? Give your answer as a probability rounded to three docimal places, so in the format 0O

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