Question: One Engineering Firm enjoys 40% success rate in getting state government construction contracts. This month they have submitted bids on eight construction projects to be

One Engineering Firm enjoys 40% success rate in getting state government construction contracts. This month they have submitted bids on eight construction projects to be funded by the state government. The bids of different projects are assessed independently of each other.

  1. Find the probability that the firm will get none of those contracts.
  2. Find the probability that the firm will get five out of eight contracts.
  3. Find the probability that the firm will get all eight contracts.

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