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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Consider a random sample of size n =1800 from a binomial probability distribution with P = 0.40,and X = number of successes.
-Find the probability that the number of successes is less than 700.


Definitions:

Initial Investment

The amount of money used to start an investment project or venture.

Mutually Exclusive

A situation where the occurrence of one event means the other cannot occur at the same time.

NPV

Net Present Value, a calculation used to assess the profitability of an investment, considering the time value of money.

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