Question: A manufacturing process has a 80% yield (meaning that 80% of the products are acceptable and the rest are defective). If we randomly select 5
A manufacturing process has a 80% yield (meaning that 80% of the products are acceptable and the rest are defective). If we randomly select 5 of the products, find the probability that all of them are acceptable. Assume that the selection of an acceptable/defective product is independent of any prior selections. Round your answer to 3 places after the decimal point, if necessary.
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