Online Bankers an Official from the Securities Commission Estimates That 75% of That

question 175

Short Answer

Online Bankers
An official from the securities commission estimates that 75% of all online bankers have profited from the use of insider information.Assume that 15 online bankers are selected at random from the commission's registry. ​ ​
-{Online Bankers Narrative} Find the probability that all 15 have profited from insider information.

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Definitions:

Net Income

The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.