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There is a .02 probability that a customer's Visa charge will be rejected at a certain Target store because the transaction exceeds the customer's credit

There is a .02 probability that a customer's Visa charge will be rejected at a certain Target store because the transaction exceeds the customer's credit limit. What is the probability that the first such rejection occurs on the third Visa transaction?

.0192

.0200

.0025

.0247

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