Find the Indicated Binomial Probability

question 74

Multiple Choice

Find the indicated binomial probability. Round to five decimal places when necessary.
-A company manufactures calculators in batches of 64 and there is a 4% rate of defects. Find the probability of getting exactly 4 defects in a batch.

• A)1.62656
• B)54,866.1882
• C)3.84
• D)0.14046

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Definitions:

Net Exports

The net result of a country's international trade on its economic output, represented by its total exports less its total imports.

Net Capital Outflow

The difference between the domestic country's total investment abroad and foreign investments within the country, over a specific period of time.

Net Exports

The value of a country's total exports minus its total imports, representing the net value of goods and services being sold abroad.

Net Capital Outflow

The difference between a country's purchase of foreign assets and the sale of domestic assets to foreigners in a given time period.