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Mathematics, 15.10.2020 08:01 Mikey5818

Many utility companies promote energy conservation by offering discount rates to consumers who keep their energy usage below certain established subsidy standards. A recent report notes that 20% of island residents of a country have reduced their electricity usage sufficiently to qualify for discounted rates. If five residential subscribers are randomly selected from a city on this island find the probability of each of the following events. a. All five qualify for the favorable rate
b. At least four qualify for the favorable rates

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