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Suppose That History Shows That 60% of College Students Prefer

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Short Answer

Suppose that history shows that 60% of college students prefer Brand C cola.A sample of 5 students is to be selected.The probability that exactly 4 prefer brand C is _____.


Definitions:

Billion People

A quantity representing a thousand million individuals, often used in demographics to indicate significant portions of the global population.

GDP Growth

The rate at which a country's Gross Domestic Product (GDP) increases over a certain period, reflecting the economic health and prosperity of the nation.

Annual Rate

A percentage rate that represents the amount of interest or growth expected over the course of a year.

Balance of Payments Surplus

A situation in which the total amount of money coming into a country from abroad exceeds the total amount of money going out.

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