In the following binomial settings, find the indicated probability.

A car insurance company has determined that 8% of all drivers were involved in a car accident last year. If 11 drivers are randomly selected, what is the probability of getting 3 or more who were involved in a car accident last year?

Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3.00 for rolling a 5 or a 1, nothing otherwise. What is your expected value of your net gain?