Records from a specific bank show that 70% of car loan applications are approved. If eight car
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Records from a specific bank show that 70% of car loan applications are approved. If eight car loan applications from this bank are selected at random, deter-mine the probability that exactly five of the applications are approved.
Use the binomial probability formula to answer the question. Round answers to five decimal places.
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Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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