What is the probability that the firm will experience no law

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A home products manufacturer estimates that the probability of being sued for product defects is 1% per year per product manufactured. If the firm currently manufactures 20 products, what is the probability that the firm will experience no lawsuits in a given year?

Reference no: EM131128907

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What is the probability that the firm will experience no law : A home products manufacturer estimates that the probability of being sued for product defects is 1% per year per product manufactured. If the firm currently manufactures 20 products, what is the probability that the firm will experience no lawsuits i..
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