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For a binomial experiment, the probability of success is 40% and the number of trials is 5. Let X represent the number of successes.
-Find the P(X = 2).
Net Income
The amount of earnings a company or individual has after subtracting all expenses, taxes, and deductions from total revenue.
Depreciation
An accounting method of allocating the cost of a tangible or physical asset over its useful life, useful for reducing taxable income by recognizing the asset's expense over several years.
Rental Income
Income earned from leasing out property or space to tenants.
Self-employment Income
Income generated from conducting business as an independent contractor, freelancer, or business owner, rather than as an employee.
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