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Provident Insurance has found that one in five of all insurance policies are surrendered (cashed in) before their maturity date. Assume that 10 policies are

Provident Insurance has found that one in five of all insurance policies are surrendered (cashed in)

before their maturity date.

Assume that 10 policies are randomly selected from the company's data base:

What is the probability that four of these 10 policies will have been surrendered before their

maturity date?

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