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(Solved): Mail Order A mail order company has a 10% success rate. If it mails advertisements to 546 people, f ...




Mail Order A mail order company has a \( 10 \% \) success rate. If it mails advertisements to 546 people, find the probabilit
Mail Order A mail order company has a success rate. If it mails advertisements to 546 people, find the probability of getting less than 49 sales. Round -value calculations to 2 decimal places and final answer to at least 4 decimal places.


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Solution : This is a binomial probability problem, where the probability of success (getting a sale) is 0.10 and the number of trials is 546.We want t
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