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The on-line access computer service industry is growing at an extraordinary rate. Current estimates suggest that 75% of the home-based computers have access to on-line services. Suppose 20 people with home-based computers were randomly and independently sampled. Find the probability that more than 9 of those sampled currently do NOT have access to on-line services.
Language
A system of communication used by a particular community or country, consisting of written, spoken, or signed words and the rules for combining them.
Economic Theory
A framework or model that attempts to explain the workings of economic systems through the analysis of various variables and their relationships.
Option
A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a specific price on or before a certain date.
Objectively
In a manner that is not influenced by personal feelings or biases, based on factual and unbiased considerations.
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