Use the Formula to Determine the Probability to Four

question 83

Multiple Choice

Use the formula to determine the probability to four decimal places of the given event. The probability of exactly no successes in five trials of a binomial experiment in which

• A) 0.0278
• B) 0.0039
• C) 0.2373
• D) 1.0000

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Definitions:

Price

The monetary value anticipated, needed, or dispensed for acquiring something.

Utility Increases

A situation where the satisfaction or benefit derived from consuming goods or services rises.

Diminishing Marginal Utility

The principle that as more of a good or service is consumed, the additional satisfaction or utility gained from consuming an additional unit decreases.

Sodas

Carbonated beverages, often sweetened and flavored, forming part of the non-alcoholic drinks market.