Question: Can you please help me solve the problem below? please provide me with step by step solution in order to learn the process. thanks a

Can you please help me solve the problem below? please provide me with step by step solution in order to learn the process. thanks a lot

According to the estimation of a particular insurance company, in a particular year, 1 out of each 300 houses can experience fire at some point of time. If there are eight houses with insurance protection for fire, what is the probability that the insurance company needs to pay for all the eight houses for claims regarding the fire?

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