You Are Performing Five Independent Bernoulli Trials With $p = 0.1$

question 105

Short Answer

You are performing five independent Bernoulli trials with $p = 0.1$ and $q = 0.9$ . Calculate the probability of no failures. Round your answer to four decimal places.

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Definitions:

Sunk Cost

Expenses that have been paid and cannot be retrieved, and therefore, should not impact upcoming business strategies.

Opportunity Cost

The benefit foregone by choosing one alternative over another.

Financing Costs

Expenses incurred by an entity in borrowing funds, including interest, fees, and other charges associated with the issuance of debt.

Incremental Cash Flow

The additional cash flow generated by a company from a new project or investment, after accounting for expenses.