Solved: Probability of employees stealing from company, Basic Statistics

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Probability of employees stealing from company

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Q: A recent report in Business Week indicated that 20 percent of all employees steal from their company each year. If a company employs 50 people, what is the probability that:

a. Fewer than 5 employees steal?

b. More than 5 employees steal?

c. Exactly 5 employees steal?

d. More than 5 but fewer than 15 employees steal?

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