(Answered) A company estimated they need 20 light bulbs immediately

Economics

A company estimated they need 20 light bulbs immediately for their manufacturing floor. The distributor of the lightbulbs advises that their bulbs have a failure rate of 5%. The company orders 25 light bulbs. What is the chance that three or less bulbs have malfunctioned?

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Business Economics, Economics

Category:- Business Economics
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