A Vaccine Is 95 Percent Effective

question 127

Essay

A vaccine is 95 percent effective. What is the probability that it is not effective for:
-More than one out of 20 individuals?

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Definitions:

Partnership Dissolution

The formal termination of a partnership agreement, leading to the distribution of assets and settlement of debts among partners.

Partnership Debts

Financial obligations for which all partners in a business partnership are jointly and severally responsible, regardless of an individual partner's contribution to the debt.

Adjudicated Bankrupt

Adjudicated bankrupt refers to an individual or entity legally declared insolvent by a court, having their assets liquidated or reorganized to pay off creditors.

Operation of Law

Changes in rights or obligations that occur automatically due to legal rules, rather than the actions of a person or agreement.