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A coin is biased so that the probability it will come up tails is 0.43. The coin is tossed three times. Considering a success to be tails, formulate the process of observing the outcome of the three tosses as a sequence of three Bernoulli trials. Complete the table below by showing each possible outcome together with its probability. Display the probabilities to three decimal places. List the outcomes in which exactly two of the three tosses are tails. Without using the binomial probability formula, find the probability that exactly two of the three tosses are tails.
Units
In the context of business, units refer to the individual items or quantities of a product or service that are produced or sold.
Production Budget
An estimation of the total costs to produce a set amount of goods over a specific period.
Units
In accounting and manufacturing, this refers to the individual countable items or quantities of a product or service that a company produces or transacts in.
Inventory
The total value of a company's goods and materials held for sale or used in production.
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