Records from a specific bank show that 70% of car loan applications are approved. If eight car

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Records from a specific bank show that 70% of car loan applications are approved. If eight car loan applications from this bank are selected at random, deter-mine the probability that exactly five of the applications are approved.

Use the binomial probability formula to answer the question. Round answers to five decimal places.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 29, 2019 05:12 AM

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A Survey of Mathematics with Applications

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