when a company receives an order, there is a probability of 0.42 that its value is over $1000. what is the probability that exactly four out of the next seven orders will be valued at over $1000? a. 0.2267 b. 0.3294 c. 0.2125 d. 0.2934

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 32P
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when a company receives an order, there is a probability of 0.42 that its value is over $1000. what is the probability that exactly four out of the next seven orders will be valued at over $1000?

a. 0.2267

b. 0.3294

c. 0.2125

d. 0.2934

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