Question: The random variable Y has binomial distribution with parameters n=3 and p=0.4. Calculate the expected value E[(Y 1)3]. Provide a numerical answer with precision up

The random variable Y has binomial distribution with parameters n=3 and

The random variable Y has binomial distribution with parameters n=3 and p=0.4. Calculate the expected value E[(Y 1)3]. Provide a numerical answer with precision up to 3 decimal places

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