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The Probability That an Oxnard University Student Is Carrying a Backpack

question 9

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The probability that an Oxnard University student is carrying a backpack is 0.70.If 10 students are observed at random,what is the probability that fewer than 7 will be carrying backpacks?

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Definitions:

Liquidity

The ease with which an asset can be converted into cash without significantly affecting its market price.

Days In Inventory

A financial metric that indicates the average number of days a company takes to turn its inventory into sales.

Credit Sales

Sales made by a business where the payment is delayed as per an agreement between the buyer and the seller.

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