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question 102

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Assume that there is a 0.15 probability that a basketball playoff series will last four games, a 0.30 probability that it will last five games, a 0.25 probability that it will last six games, and a 0.30 probability that it will last seven games. Is it unusual for a team to win a series in 5 games?


Definitions:

Annual Partnership Income

The total income generated by a partnership over a one-year period, distributed among the partners according to the partnership agreement.

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