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TABLE 5-3
The following table contains the probability distribution for X = the number of retransmissions necessary to successfully transmit a 1024K data package through a double satellite media.
-In a game called Taxation and Evasion, a player rolls a pair of dice. If on any turn the sum is 7, 11, or 12, the player gets audited. Otherwise, she avoids taxes. Suppose a player takes 5 turns at rolling the dice. The probability that she gets audited no more than two times is ________.
Months
Periods into which a year is divided, each consisting of roughly 30 to 31 days, except for February which has 28 or 29 days.
Compounded Monthly
Interest that is calculated on the principal and the accumulated interest of previous periods on a monthly basis.
Loan
Money lent to a borrower, which is expected to be paid back with interest.
Interest Rate
The fraction of a loan billed as interest to the borrower, commonly expressed as a yearly percentage of the remaining loan amount.
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