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Find the Indicated Probability

question 86

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Find the indicated probability.
-In a blood testing procedure, blood samples from 5 people are combined into one mixture. The mixture will only test negative if all the individual samples are negative. If the probability that an individual sample tests positive is 0.08, what is the probability that the mixture will test positive?

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Definitions:

Intermediaries

Entities or people who act as a middleman or agent between two parties in a financial transaction or negotiation.

Financial Intermediary

An institution that acts as a middleman between savers and borrowers, such as a bank or investment firm.

Fund Manager

An individual responsible for making investment decisions for a portfolio of securities, implementing investment strategies for a mutual fund or institutional investor.

Shareholders

Individuals or entities that own shares in a corporation and therefore have an ownership interest in the company.

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