If the Probability of Success on Each Trial of an Experiment

question 81

Multiple Choice

If the probability of success on each trial of an experiment is 0.8, what is the probability of 6 successes in 10 independent trials? Round your answer to four decimal places. ​

• A) Pr(6 Successes) = 0.0440
• B) Pr(6 Successes) = 0.0220
• C) Pr(6 Successes) = 0.1762
• D) Pr(6 Successes) = 0.0881
• E) Pr(6 Successes) = 0.3523

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Definitions:

Purchase Discounts

Reductions in the amount owed by a buyer to a seller for goods purchased, typically gained by paying early or within a specified period.

Freight Costs

Expenses incurred by a company to transport goods, included in the cost of goods sold or recorded as an expense depending on the terms of delivery.

Merchandise

Merchandise refers to the goods that are bought and sold within a retail or wholesale environment.

Cash Discount

A reduction in the invoice price given by the seller to the buyer for quick payment within a specified period.