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Suppose that the probability is 0.1 that the value of the Jamaican dollar will rise against the U.S. dollar over any given week and
Suppose that the probability is 0.1 that the value of the Jamaican dollar will rise against the U.S. dollar over any given week and that the outcome in one week is independent of that in any other week. What is the probability that the value of the Jamaican dollar will rise against the U.S. dollar at least twice over a period of 7 weeks?
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