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1. In a binomial situation, n = 4 and 1r = .25. Determine the probabilities of the following events using the binomial formula.
a. x = 2
b. x = 3
2. In a binomial situation, n = 5 and 1r = .40. Determine the probabilities of the following events using the binomial formula.
a. x = 1
b. x = 2
For this assignment, you will examine the use of qualitative data for a business scenario.
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